Mercantile Commercial Capital, LLC Closed on Seven Commercial Loans in May that Total More Than $7.4 Million

ALTAMONTE SPRINGS, Fla. – Mercantile Commercial Capital, LLC, the Altamonte Springs firm that ranks as one of the nation"s leading providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported it closed on seven commercial loans in May that total $7,482,186.

Christopher Hurn, president of Mercantile Commercial Capital, said the loan closings include clients in North Carolina, New Mexico and Ohio in addition to Florida:

• $585,486 to Black Belt USA, Inc., in Charlotte, N.C., providing 89 percent financing to acquire its 4,004 square foot martial arts studio;
• $1,710,000 to Santa Fe Décor, of Santa Fe, N.M., 90 percent financing to develop its new 14,592 square foot design center located in Rio Rancho, New Mexico;
• $271,800 to Jadens Quality Lawn Care, Inc., in Jacksonville, providing 90 percent financing to acquire its 3,533 square foot industrial facility;
• $711,000 to Discovery Learning Academy, Inc., of Lakeland, 90 percent financing to acquire a 5,200 square foot learning center facility;
• $635,400 to Advance Auto Repair of Orlando, 90 percent financing to acquire a 3,050 square foot auto repair facility;
• $418,500 to Leslie A. Sweet, Attorney, of Kissimmee, 90 percent financing to acquire a 2,689 square foot office building;
• $3,150,000 to Hatfield 7 Dairy in Lacking County, Ohio providing 90 percent financing to acquire and renovate a unique farming and educational facility in Centerburg, Ohio.

For more information, contact:
Chris Hurn, Mercantile Commercial Capital, LLC 407-786-5040
Geof Longstaff, Mercantile Commercial Capital, LLC 407-786-5040
Robin Lashley, Mercantile Commercial Capital, LLC 407-786-5040
Larry Vershel or Beth Payan, LV Communications, 407-644-4142