Mercantile Capital Corp. Reports More Than $13 Million in Total Projects for November, Over $81 Million Volume for 2009

ALTAMONTE SPRINGS, Fla. --- Mercantile Capital Corporation, 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, reports it closed on seven commercial property loans that totaled more than $13 million in total project costs in November.

Christopher G. Hurn, chief executive officer of Mercantile Capital Corporation, said he projects the firm will close on six more commercial property loans in December for a total of $9.2 million to close out the year with more than $81 million in total project costs financed.

“We will complete the year with over $81 million in total project costs,” Hurn said. “Our dollar volume is up nearly 15 percent from 2008,” he explained.

Hurn said one of Mercantile Capital’s most important measurements---job creation---is also up this year.

“Our lending funded projects that created more than 480 new jobs in 2008,” Hurn said. “For 2009, employment growth we helped fund will total more than 500 new jobs,” he said.

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For more information contact:
Chris Hurn, CEO, Mercantile Capital Corporation, 407-786-5040
Geof Longstaff, Chairman, Mercantile Capital Corporation, 407-786-5040
Larry Vershel, Larry Vershel Communications 407-644-4142