Friday, June 3, 2011

Mercantile Capital Corporation closes on loans in May to finance commercial real estate projects valued at more than $11.6 million

ALTAMONTE SPRINGS, Fla. --- Mercantile Capital Corporation, a wholly owned subsidiary of Old Florida National Bank, closed on loans to finance commercial real estate projects valued at more than $11.6 million in May.

Geof Longstaff, chairman of Mercantile Capital Corporation, said the firm’s largest single loan financed the construction of a $6.5 million multi-specialist medical office facility in Newport Beach, Calif.

Mercantile Capital Corporation ranks as one of the nation’s largest providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities.

For information visit www.TheSmartChoiceLoan.com or www.504Experts.com and post: www.504blog.com.

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