MERCANTILE COMMERCIAL CAPITAL, LLC CLOSED ON FOUR SBA-504 COMMERCIAL LOANS WORTH MORE THAN $5.5 MILLION IN NOVEMBER

ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital, LLC, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, closed on four SBA-504 loans in November worth $5,576,550.

Christopher Hurn, president of the firm, said the loans provided financing to acquire, renovate and develop new commercial facilities in DeBary, Casselberry and Highland Village, Texas.

The loans include:

• $3,348,000 to RNB Holdings, owners of Repair Resource, Inc., which refurbishes and recycles technology equipment, and Direct Wireless, Inc., the leading Nextel authorized representative in the southeast. Mercantile Commercial Capital provided long term, 90 percent loan-to-cost financing with a 25-year fully amortizing term and five-year fixed interest rate to acquire land and building and renovate a 28,000 square foot warehouse in DeBary. Hurn said the loan is the third Mercantile Commercial Capital has closed with RNB Holding.

• $270,300 to Laser Line, Inc., a Casselberry firm that specializes in metal roofing products. Mercantile Commercial Capital provided long term, 85 percent loan-to-cost financing with a 25-year, fully amortizing term and a 10-year fixed interest rate to acquire land and renovate a 2,400 square foot office/warehouse in Casselberry.

• $441,000 to TL Granite & Marble Works, LLC, a customized fabrication and installation company based in Casselberry. Mercantile Commercial Capital provided long-term 90 percent loan-to-cost financing with a 25-year, fully amortizing term and a five-year fixed interest rate to acquire land and renovate a 3,600 square foot industrial building in Casselberry.

• $1,517,250 to McNeace Management Company, LLC, a Captain D"s restaurant franchise. Mercantile Commercial Capital provided 85 percent loan-to-cost financing with a 25-year full amortizing term and a five-year fixed interest rate to develop and build a 6,000 square foot Captain D"s restaurant in Highland Village, Texas.

For more information please contact:
Christopher Hurn, President Mercantile Commercial Capital, 407-786-5040
Geoffrey Longstaff, Mercantile Commercial Capital, 407-786-5040
Larry Vershel or Beth Payan, LV Communications, 407-644-4142