Mercantile Capital Corporation reports loan volume for first eight months of 2012 up more than 190 percent

ORLANDO, Fla. — Mercantile Capital Corporation, which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported it closed 75 SBA loans to finance projects valued at more than $318 million thus far this year from January through August.

Christopher Hurn, chief executive officer of Mercantile Capital Corporation, said the loan volume represents a 190 percent increase over the firm’s loan volume for the first eight months of 2011.

Hurn said the firm provided loans in 2011 to finance projects valued at $174 million in total project costs.

In August, Mercantile Capital closed seven SBA 504 loans to finance projects worth more than $26.6 million in total project costs.