Thursday, February 4, 2010

Mercantile Capital Corporation Provides Commercial Real Estate Loan in Lake Mary worth $712,000

Altamonte Springs – Mercantile Capital Corporation, which 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, recently closed a commercial loan for Out-

Spoke’N Bike Shops, Inc. for $712,000 in total project costs.

Family owned and operated since 1997, Out-Spoke’N Bike Shops, Inc. is a retail bicycle store that focuses on all aspects of cycling, and is a popular cycling destination in Central Florida, located in Lake Mary.

“Working with Mercantile was great. Not only did they have excellent product knowledge, but they were available well past regular working hours, which was so helpful, considering I still had a business to run during the loan process.” said Michael Cottle, co-owner with his wife, Arden.

The SmartChoice Commercial Loan Program helps owners of small to mid-sized businesses, like Out-Spoke’N Bike Shops, Inc., have an opportunity to create wealth and financial freedom. Their specialization in SmartChoice Commercial Loans, also known as SBA 504s,, allows borrowers, like Michael and Arden Cottle, to own their commercial property with the highest cash-on-cash return financing available, without tying up their precious capital, so they can grow even faster.

For more information visit www.TheSmartChoiceLoan.com and www.504Blog.com.

For more information about this press release Contact:
Chris Hurn, Mercantile Capital Corporation, 407-786-5040 or Robin Lashley, Mercantile Capital Corporation, 407-786-5040

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