Mercantile Commercial Capital Closed 27 New Loans that Totaled more than $31 Million in Total Project Costs During First Half of 2006
Mercantile Commercial Capital, LLC, which specializes in U. S. Small Business Association (SBA) 504 loans for business owners who want to acquire or develop their own facilities, reported it closed on 27 new loans from Jan. 1 through June 30 that totaled more than $31 million in total project costs.
Altamonte Springs, FL (PRWEB) July 19, 2006
Mercantile Commercial Capital, LLC, which specializes in U. S. Small Business Association (SBA) 504 loans for business owners who want to acquire or develop their own facilities, reported it closed on 27 new loans from Jan. 1 through June 30 that totaled more than $31 million in total project costs.
Christopher G. Hurn, president of Mercantile Commercial, said the loans helped to create 248 new jobs.
Hurn said the largest single loan during the period was the Hidden Harbor Marina in Sanford, Florida, a $5.2 million total project.
During June, Mercantile Commercial Capital closed five new loans that totaled more than $5.9 million in total project costs.
One of the firm’s largest loans during the first half of this year — for $2.5 million — provided financing for Chesterfield Health Services, Inc., in Seattle, Washington. Chesterfield was just named to Inc. Magazine’s annual “Inner City 100” list as number 47 based on their 5 year growth of over 362 percent.
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