Showing posts with label corporation. Show all posts
Showing posts with label corporation. Show all posts

Monday, June 14, 2010

Mercantile Capital Corporation Closes Eight Commercial Loans in May to Fund Projects Valued at $17.8 Million

ALTAMONTE SPRINGS - Mercantile Capital Corporation, which ranks as one of the nation’s top providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported it closed eight commercial loans in May that will fund projects valued at more than $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

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 Mitbry Corporation d/b/a Barnes Supply for $420,000 in total project costs.

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

ALTAMONTE SPRINGS- Mercantile Capital Corporation, which ranks as one of the largest providers of U.S. Small Business Administration (SBA) 504 loans in the nation, will host a nonpartisan open house for U.S. Congressional candidates for the Florida District 24 on Feb. 23 from 6 to 7:30 p.m.

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

ORLANDO, Fla. --- Kinetic Analysis Corporation (KAC), with offices in east Orlando, was recently awarded a major contract by Willis RE to provide real-time analysis of hurricane threats and damage on property assets in the U.S. and Caribbean.

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

SANFORD, Fla. --- The Sanford Airport Authority, which manages Orlando-Sanford International Airport, has re-elected Geof Longstaff to his fifth one-year term as chairman of the board of directors.

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

ALTAMONTE SPRINGS, Fla. - Mercantile Capital Corporation, which specializes in U.S. Small Business Administration (SBA) 504 loans for owners of small businesses who want to acquire their own facilities, reports a record low for the 20-year fixed interest rate on SBA 504 loan projects. This month, the rate fell to 5.14 percent, the lowest since the program’s inception more than 25 years ago.

“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


Mercantile Capital Corporation Sees Jump in Lending Volume in August, to Finance I-Drive Hotel, Suburban Atlanta Dental Office Among Others

ALTAMONTE SPRINGS, Fla. - Mercantile Capital Corporation, which ranks as one of the nation’s leading provider of U.S. Small Business Administration (SBA) 504 loans saw a big jump in commercial loan volume in August.

Christopher G. Hurn, president of Mercantile Capital Corp., said the firm closed on loans worth more than $12 million in August, up more than 212 percent over the same period last year.

Hurn said August loans included $4.5 million to acquire and renovate Best Western’s Sun Vista Hotel on International drive in Orlando and $1.1 million to acquire and renovate a dental office in Atlanta.

“We anticipate we will close on loans that total more than $90 million in 2009,” Hurn said.
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.

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

Thursday, August 27, 2009

Mercantile Capital Corporation Appoints Four New SBA 504 Loan Specialists

Mercantile Capital Corporation Appoints Four New SBA 504 Loan Specialists

ALTAMONTE SPRINGS, Fla. - 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 appointed four new SBA 504 loan specialists.

Christopher G. Hurn, CEO of Mercantile Capital Corporation, said he promoted Jon DeJulio from intern to marketing associate.

Yelena Sulyagina was promoted from intern to credit analyst.

Tammy Hennen was named operations administrator and Carolyn Skog was named credit analyst. Both Hennen and Skog have more than 20 years of experience.

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

NAI Realvest Appointed Exclusive Sales, Marketing Agents for $2.7 Million New Smyrna Beach Retail Center

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

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

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

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