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Done Deals

Tuesday, February 7, 2012

Mercantile Capital Corp. Closes Seven Commercial Loans to Fund Projects Valued at More Than $19.1 Million in January

ORLANDO, FL — Mercantile Capital Corporation, which provides U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported it closed commercial loans in seven states in January to finance projects valued at $19,173,411.

Chris Hurn (top right photo), Chief Executive Officer of Mercantile Capital Corporation, said the firm financed projects in Colorado, Arizona, Tennessee, California, Louisiana, Texas and Illinois in January.

Geof Longstaff (lower left photo), Chairman of Mercantile, said the firm’s largest single loan in January helped finance the $5.1 million acquisition of a Comfort Inn & Suites in Midland, Texas.