Monday, June 14, 2010
Mercantile Capital Corporation Closes Eight Commercial Loans in May to Fund Projects Valued at $17.8 Million
Christopher G. Hurn, chief executive officer of Mercantile Capital Corporation, said four small business owners in Florida, three in California and one in Illinois received the loans.
Hurn said Mercantile Capital Corporation’s total loan volume since January marks the best five months in the company’s five-year history.
“Since January, we have closed 22 loans to fund projects valued at almost $65 million in eight states that will create an estimated 438 new jobs,” Hurn said.
“We are on track to maintain this pace through the end of this year, and we project to close loans on projects valued at more than $125 million before the end of the year, which would make this our best year ever.” Hurn said.
Visit http://www.504experts.com/ and http://www.504blog.com/.
For more information about this press release, contact: Chris Hurn, CEO Mercantile Capital Corporation, 407-786-5040; Robin Lashley, Mercantile Capital Corporation, 407-786-5040
Tuesday, April 20, 2010
Mercantile Capital Corporation Provides Commercial Real Estate Loan in Orlando, worth $420,000
Chris Hurn, chief executive officer at Mercantile Capital Corporation (MCC), said Barnes Supply, located on Drennen Road off S. Orange Avenue in Orlando, is a family owned supply company specializing in multiple fields of supply, including hospitality, building/resort management and car rental maintenance products. Barnes Supply has been a recognized distributor in Central Florida for the last 35 years, Hurn said.
“The Mercantile team was essential to the growth of Barnes Supply,” said owner, Alberto Ruiz. “Their hard work and attentive staff made it possible to find the financing needed to acquire a warehouse that facilitates the growth of our small business.”
The SmartChoice Commercial Loan Program helps owners of small to mid-sized businesses, like Barnes Supply, have an opportunity to create wealth and financial freedom. MCC’s specialization in SmartChoice Commercial Loans, also known as SBA 504 loans, allows borrowers, like Alberto Ruiz, 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.
Visit http://www.thesmartchoiceloan.com/ and http://www.504blog.com/.
For more information about this press release, contact:
Chris Hurn, CEO Mercantile Capital Corporation, 407-786-5040; Robin Lashley, Mercantile Capital Corporation, 407-786-5040; Beth Payan or Larry Vershel, Larry Vershel Communications 407-644-4142
Thursday, February 4, 2010
Mercantile Capital Corporation to Host Open House for Congressional Candidates on Feb. 23
Christopher Hurn, president and chief executive officer of Mercantile Capital Corporation, said participants will include the Hon. Suzanne Kosmas, congresswoman from Florida’s 24th district, along with former Winter Springs Mayor Paul P. Partyka, who is challenging Rep. Kosmas in the Democratic primary for the seat, along with Republican challengers Karen Diebel and Sandy Adams.
Hurn said admission to the event is free and the public is invited.
Mercantile Capital Corporation is located at 940 Centre Circle, Ste. 200, Altamonte Springs, 32714
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For more information about this press release, contact: Christopher G. Hurn, CEO, Mercantile Capital Corporation, 407-786-5040; G. Geoffrey Longstaff, Chairman, Mercantile Capital Corporation 407-786-5040
Tuesday, November 24, 2009
Kinetic Analysis Corporation Awarded Major Contract from Willis RE to Assess Hurricane Damages
Willis RE is one of the world's premier global reinsurance brokers with more than $12.2 billion in U.S. insurance premiums.
Chuck Watson, chief operating officer of Kinetic Analysis Corp., said his company’s real-time analysis will help Willis RE measure the financial impact of weather events accurately and immediately.
“KAC seamlessly integrates global data collection, advanced numerical modeling, statistical analysis and GIS technology to focus on a wide range of issues that concern government agencies and private sector investors,” Watson explained.
KAC incorporates a wide range of data resources, including remote sensing from orbital platforms developed by NASA and other agencies, automated weather stations, data from ships and aircraft, and economic and news reports, integrated in real time.
Kinetic Analysis Corporation’s clients include commercial weather services, catastrophic risk underwriters, national and state emergency management agencies, international development financing agencies and commodities traders.
Kinetic Analysis Corporation is a client company of the University of Central Florida Business Incubation Program with offices in the Central Florida Research Park and Silver Springs, Md. KAC is an industry partner with UCF through their work with Dr. Mark Johnson, a renowned professor of statistics.
Contacts:
Chuck Watson, Chief Operating Officer, Kinetic Analysis Corp. 912-398-9753; cwatson@kinanco.com;
Carol Ann Dykes, Site Manager, UCF Business Incubation Program, 407-882-0211, cdykes@mail.ucf.edu
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 or LvershelCo@aol.com
About the UCF Incubation Program:
Since its founding in 1999, the UCF Business Incubation Program has helped more than 130 emerging companies (including nearly 80 current clients) create over $500 million in annual revenue and more than 1600 new jobs with an average salary of $59,000. With six facilities across the Greater Orlando community, the Incubation Program is a collaboration in economic development between the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Winter Springs, The City of Sanford, Lake County, the City of Leesburg, and the Florida High Tech Corridor Council. For more information, please visit www.incubator.ucf.edu.
Monday, November 23, 2009
Sanford Airport Authority Re-Elects Geof Longstaff Chairman, New Secretary-Treasurer, New Vice-Chairman
Longstaff is chairman of Mercantile Capital Corp. in Altamonte Springs, and is currently in his third term with the Airport Authority
Also elected was Tim Donihi, vice-chairman. Donihi, a real estate broker with Pilot Properties in Sanford, is in his second term on the board, and formerly served as secretary-treasurer. Bill Litton, a new member of the board, was elected secretary-treasurer. Litton is employed with the Seminole County Sheriff’s Office.
For more information contact:
Diane Crews, VP of Administration, Sanford Airport Authority, 407-322-7771
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142
Tuesday, September 15, 2009
Mercantile Capital Corp Reports Record Low Interest Rate on SBA 504 Loans
“This record low interest rate for SBA 504 loans, combined with the fee reductions included in the Stimulus Bill, makes it even more attractive for business owners to purchase or expand their facilities. And this is the second time in three months that we’ve reported this,” said Chris Hurn, CEO and Co-founder of Mercantile Capital Corporation.
SBA 504 loans allow owners of small and mid-sized businesses to purchase, construct, or renovate their commercial property with as little as 10 percent down, long terms (up to 25 years) and fixed interest rates. Equipment and other fixed assets can also be included in these loans, to the benefit of the borrower.
“The SBA 504 loan has long been a powerful tool for business owners to grow and expand their operations. I hope the announcement of this historically low interest rate will cause more of America’s entrepreneurs to perk up and realize that there are once-in-a-generation opportunities for them to create wealth and help get our economy back on track,” said Hurn.
Mercantile Capital Corporation ranks as one of the most active providers of SBA 504 loans nationwide, providing owners of small and mid-sized businesses the option to own commercial property with up to 90 percent loan-to-cost financing.
Visit www.504Experts.com or www.504blog.com for more information.
For more information about this news release contact:
Chris Hurn, CEO, Mercantile Capital Corporation, 407-786-5040
Geof Longstaff, Chairman, Mercantile Capital Corporation, 407-786-5040
Shannon D. Marks, President/COO, Mercantile Capital Corporation, 407-786-5040
Larry Vershel, Larry Vershel Communications 407-644-4142
Thursday, September 3, 2009
Mercantile Capital Corporation Sees Jump in Lending Volume in August, to Finance I-Drive Hotel, Suburban Atlanta Dental Office Among Others

SBA 504 loans offer 90 percent loan-to-cost financing at below-market rates for qualified small business owners who want to acquire or develop their own facilities.
Thursday, August 27, 2009
Mercantile Capital Corporation Appoints Four New SBA 504 Loan Specialists
NAI Realvest Appointed Exclusive Sales, Marketing Agents for $2.7 Million New Smyrna Beach Retail Center
MAITLAND, Fla. - NAI Realvest has been appointed exclusive sales and marketing agents for a 20,495 square foot community shopping center located at 1700 Canal St. (S.R. 44) in New Smyrna Beach.
The retail center, which includes a 5.27-acre site, is contiguous to K-Mart. Major tenants include Curves, MetCare, Volusia Therapy and the Florida Dept. of Motor Vehicles. Built in 1982 and remodeled earlier this year, the center is 53 percent leased.
Thomas E. Hankins, CCIM, SIOR, a principal at NAI Realvest, negotiated the exclusive broker agreement with owner Concord Americas Corporation.
The property is listed for sale at $2.7 million.
For more information, please contact:
Thomas E. Hankins, CCIM, SIOR, Principal, NAI Realvest 407-949-0727 (Direct) or thankins@realvest.com
Patrick Mahoney, President, NAI Realvest 407-875-9989 pmahoney@realvest.com
Larry Vershel, Larry Vershel Communications 407-644-4142 lvershelco@aol.com
About NAI Realvest:
NAI Realvest, covering all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 325 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.NAIRealvest.com.
Tuesday, August 25, 2009
BioTraits, Inc. Enters Distributor Contracts to Market Panasonic Systems Solutions
ORLANDO, Fla. - BioTraits, Inc., the biometric technology company that provides customized biometric software and turnkey security/IT solutions for a wide range of clients, recently signed contracts to distribute Panasonic security products.
Peter A. Wengert, founder and chief executive officer of BioTraits, Inc., said the distribution contracts establish important new business lines for the firm, which is currently expanding to accommodate more than $1 million in upcoming contracts.
“Panasonic System Solutions Company is a division of Panasonic Corporation of North America,” Wengert explained.
Panasonic offers a wide range of IP and analog video surveillance equipment, imaging devices for the medical, industrial, and entertainment industries, point-of-sale and drive-thru communications systems for food service and hospitality industries, and large-screen LED digital signage and digital sports coaching systems.
BioTraits Inc. is a UCF Business Incubation Program client in the Central Florida Research Park.
For more information about this release contact:
Peter A. Wengert, CEO BioTraits, Inc. 3267 Progress Drive, Suite 103, Orlando, FL 32826; 866-815-0888 or peter@biotraits.com
Carol Ann Dykes, Site Manager, UCF Business Incubation Program, 407-882-0211, cdykes@mail.ucf.edu
Thomas O’Neal, Executive Director, UCF Business Incubation Program, 407 882-1120, oneal@mail.ucf.edu
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 or LvershelCo@aol.com
About BioTraits:
Founded in March 2003, BioTraits, Inc. is a biometric company providing solutions for biometric identification and verification products through its development of a suite of workforce management products and distribution of biometric access control products. For more information, visit www.biotraits.com.
About the UCF Business Incubation Program:
Since its founding in 1999, the UCF Business Incubation Program has helped more than 120 emerging companies (including nearly 70 current clients) create over $500 million in annual revenue and more than 1600 new jobs with an average salary of $59,000. With five facilities across the Greater Orlando community, the Incubation Program is a collaboration in economic development between the University of Central Florida, Orange County, the City of Orlando, Seminole County, the City of Winter Springs, Lake County, the City of Leesburg and the Florida High Tech Corridor Council. For more information, please visit www.incubator.ucf.edu.
NAI Realvest Negotiates Lease Expansion, Renewal for Palmano’s Café on Park Ave. in Winter Park
ORLANDO, Fla. - NAI Realvest recently negotiated a new lease expansion and renewal for Palmano’s Café, located at 333 Park Ave. South at the intersection of Lyman Ave. in downtown Winter Park.
NAI Realvest principal Christie Alexander and George Livingston, chairman emeritus of the firm, negotiated the long-term lease agreement representing Palmano’s Café. Patti Jackson of the Bradley Corporation represented the landlord.
The new lease agreement expands Palmano’s Café by 700 square feet of space, with interior seating in addition to existing outdoor seating, Alexander said.
Palmano’s plans to add a dinner menu. The roastery, wine and coffee bar currently serves breakfast and lunch.
For more information, contact:
Christie Alexander, Principal, NAI Realvest 407-949-0704 calexander@realvest.com
George Livingston, Chairman Emeritus, NAI Realvest 407-875-9989 glivingston@realvest.com
Patrick Mahoney, President, NAI Realvest, 407-875-9989 pmahoney@realvest.com
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142 lvershelco@aol.com
About NAI Realvest:
NAI Realvest, serving all of Central Florida, is a fully integrated commercial real estate operating company specializing in brokerage, development, investment, leasing and management, consulting and research services in the U.S. and worldwide. NAI Global is an international commercial real estate network with over 325 offices spanning the globe. Since 1978, clients have built businesses on the power of NAI Global’s expanding network. Extensive services include multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.nairealvest.com.
Thursday, May 7, 2009
Emerson International in Altamonte Springs to take part in Anniversary events to honor U.K. based The Emerson Group
ALTAMONTE SPRINGS, Fla. - The Emerson Group, a global corporation based in the U.K. and serves as parent company to Emerson International, Inc., in Altamonte Springs, is celebrating its 50th anniversary this year with festivities and events scheduled this month.
Eric J. Emerson, vice president and general manager of Emerson International, said The Emerson Group is one of the largest privately-owned property development companies in the U.K.
“Emerson International, one of the three principal divisions of The Emerson Group,” develops residential and commercial properties in the U.S. and internationally,” Emerson explained.
Emerson International’s Central Florida projects include Eagle Creek off Narcoossee Rd. in southeast Orlando, Emerson Pointe, adjacent to Bayhill in southwest Orlando; Emerson Plaza and CenterPointe on the Park in Altamonte Springs.
For more information contact:
Eric J. Emerson, Vice President and General Manager Emerson International, Inc. 407-834-9560; ejemerson@emerson-us.com;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142
