Mercantile Capital Corporation Provides Commercial Real Estate Loan in Houston, TX Worth $2.6 Million
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, closed a commercial loan for Ozark Trade Corporation, d.b.a. OST-Texaco... - December 10, 2011
Mercantile Capital Corporation Negotiates Alabama Steel Plant Loan, Will Create 30 New Jobs
Mercantile Capital Corporation, which is moving to new headquarters facilities in downtown Orlando, recently closed on a pair of U.S. Small Business Administration (SBA) 504 Loans that will help build and equip a steel processing plant in Jackson, Ala., valued at over $12 million. Geof Longstaff,... - December 08, 2011
Mercantile Capital Corporation Provides Three Commercial Real Estate Loans in Ohio Worth Over $4.3 Million in Total Project Costs
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 refinanced three Max & Erma’s locations for $4,307,000... - December 03, 2011
Mercantile Capital Corporation Will Mark Record Year of Commercial Loans, Move to Downtown Orlando in December
Mercantile Capital Corporation in Altamonte Springs will mark a record year of commercial loan transactions this year and will be in new offices in the Old Florida National Bank building at 60 N. Court St. in downtown Orlando this December. The firm, which ranks as one of the largest and most... - December 01, 2011
Mercantile Capital Corporation Provides Commercial Real Estate Loan in Crystal River, FL Worth Over $5.1 Million
Mercantile Capital Corporation, 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, closed a commercial loan for West Coast Medical Care, dba Citrus Diabetes Treatment... - November 24, 2011
Mercantile Capital Corporation Provides Commercial Real Estate Loan in Orlando, FL Worth $224,000
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, closed another commercial loan for The Divorce Center, PA recently for $224,000 in total project costs. Their first transaction closed in January 2009. - November 19, 2011
Mercantile Capital Corporation Reports Four Commercial Loans Closed in October Financing Projects Valued at More Than $9.4 Million
Mercantile Capital Corporation, one of the nation’s largest and most active 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 four commercial loans in October to finance projects... - November 17, 2011
Mercantile Capital Corporation Provides Commercial Real Estate Loan in Fort Walton Beach, FL Worth Over $300,000
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, closed a commercial loan for Thompson’s Auto Service, LLC recently... - November 11, 2011
New Options to Refinance Commercial Real Estate Loans; SBA Now Offering Low Rates for Certain Working Capital Costs
The federal government recently released new regulations enabling business owners to refinance owner-occupied commercial real estate loans, and to include – for the first time ever – certain working capital costs. Small businesses facing high interest rates on commercial debt may now... - November 03, 2011
Mercantile Capital Corporation Reports Third Quarter Commercial Loan Closings; Finances Projects Worth $55 Million
Mercantile Capital Corporation, one of the nation's leading providers of U.S. Small Business Administration (SBA) 504 loans, closed five commercial loans in September 2011 to finance more than $13.8 million in total project costs. An SBA 504 loan is a long-term, fixed-rate loan for small businesses... - October 29, 2011
Mercantile Capital Corporation Provides Commercial Real Estate Loan in Draper, UT Worth Over $9.8 Million
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, closed a commercial loan for Jed R. Bindrup, MD, PC recently for $9,894,000... - October 28, 2011
Mercantile Capital Corporation to Host Free Webinar on SBA 504 Loan’s New Focus on Refinancing, Operating Capital
Mercantile Capital Corporation, which ranks as one of the nation’s most active providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, will host a free webinar on Tuesday, Nov. 1, to explain new rules... - October 27, 2011
New SBA Rules That Allow SBA 504 Financing for Business Expenses Could Double Loan Volume at Mercantile Capital Corporation
Mercantile Capital Corporation, which already ranks as one of the largest providers of U.S. Small Business Administration (SBA) 504 financing for small business owners who want to acquire or develop their own facilities, could see its loan volume double thanks to new SBA rules that allow SBA 504 financing to refinance current conventionally-financed loans and provide working capital. - October 22, 2011
Mercantile Capital Corporation Reports Five Commercial Loan Closings in September to Finance Projects Worth Nearly $14 Million
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, closed five commercial loans in September to finance projects worth more than $13.8 million in total project costs. - October 20, 2011
Mercantile Capital Corporation Provides Commercial Real Estate Loan in Winter Garden, FL Worth Over $600,000
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, closed a commercial loan for Horizon Food Company, DBA, Horizon Food... - October 19, 2011
Mercantile Capital Corporation Provides Commercial Real Estate Loan in Augusta, GA Worth Over $3.7 Million
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, closed a commercial loan for Masters Hotel Group, LLC dba Comfort Inn &... - October 08, 2011
Mercantile Capital Corporation Provides Commercial Real Estate Loan in Clermont, FL Worth Over $2.3 Million
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, closed a commercial loan for Florida Fast Lubes, Inc., dba Valvoline... - October 06, 2011
Mercantile Capital Corporation Provides Commercial Real Estate Loan in Capitol Heights, MD Worth Nearly $6.7 Million
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, closed a commercial loan for 3AM, LLC dba Country Inn and Suites recently... - October 05, 2011
Mercantile Capital Corporation Announces Lowest Rate in History for Small Business Administration's 504 Loan Program
Mercantile Capital Corporation today announced a new milestone for the Small Business Administration's 504 Loan Program - a record low interest rate of 4.62 percent for a 20-year fixed rate loan. Business owners, who are looking for capital to invest in their businesses, have an opportunity to borrow money at never before seen rates. - September 26, 2011
Mercantile Capital Corporation Provides Commercial Real Estate Loan in Orlando, FL for $352,200
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, closed a commercial loan for Doc Watts Electric, Inc. recently for $352,200... - September 24, 2011
Mercantile Capital Corporation Hires Four New Associates
Mercantile Capital Corporation, a wholly-owned subsidiary of Old Florida National Bank, that ranks as one of the nation’s leading providers of U.S. Small Business Administration (SBA) loans for small business owners who want to acquire or develop their own facilities, recently hired four new... - September 22, 2011
Mercantile Capital Corporation Provides Commercial Real Estate Loan in Sanford, FL Worth Over $11.2 Million
Mercantile Capital Corporation, one of the nation’s leading providers of U.S. SBA 504 loans closed a commercial loan for Showtime Investments, Inc. dba Sanford Auto Dealers Exchange (SADE) recently for $11,235,000 in total project costs. - September 21, 2011
Mercantile Capital Corporation Announces Lowest Rate in History for Small Business Administration’s 504 Loan Program
Mercantile Capital Corporation, a wholly-owned subsidiary of Old Florida National Bank, today announced that the 20-year effective interest rate for the U.S. Small Business Administration (SBA) 504 Loan Program has fallen to a new all-time low of 4.69 percent. - September 17, 2011
Mercantile Capital Corporation Closes on Nine Commercial Loans in August to Finance Projects Valued at Over $21.6 Million
Mercantile Capital Corporation, in Altamonte Springs, a wholly-owned subsidiary of Old Florida National Bank, reports it closed nine commercial loans in August to finance projects valued at more than $21.6 million in Florida, Texas, California, Georgia and Maryland. Chris Hurn, chief executive... - September 15, 2011
National Association of Premier Lenders Announces the NAPL Fall 2011 Conference
The NAPL Fall 2011 Conference will be dedicated to discussing the most important issues facing the 504 loan program industry in today’s economy, and will specifically focus on servicing, recovery, liquidation and legislative efforts. - September 02, 2011
Mercantile Capital Corporation Closes $11.2 Million Commercial Loan, Largest in Company History
Mercantile Capital Corporation, in Altamonte Springs, recently closed the largest single commercial loan in the company’s eight year history to finance improvements valued at more than $11.2 million at the Sanford Auto Dealers Exchange, located on Martin Luther King Blvd. in Sanford. Geof... - August 25, 2011
Mercantile Capital Corporation Closes 24 Loans During First Half of 2011 to Finance Projects Valued at More Than $69.1 Million
Mercantile Capital Corporation, 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, reported it closed 24 commercial loans from Jan. 1 through June 30 to finance projects... - August 04, 2011
Impending SBA 7(A) Loan Cap Doesn’t Affect Mercantile Capital SBA 504 Loans
U.S. Small Business Administration funds for small business owners who want to acquire or develop their own facilities under the U.S. Small Business Administration (SBA) 504 loan program aren’t in danger of drying up anytime soon, says one of the nation’s leading providers of SBA 504 loans. - July 29, 2011
Mercantile Capital Corporation Closes on Loans in May to Finance Commercial Real Estate Projects Valued at More Than $11.6 Million
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... - June 11, 2011
Mercantile Capital Corporation Best First Quarter Ever is Lead-in to Projected Major Loans in May
Mercantile Capital Corporation, which earlier reported its best first quarter ever in 2011 with 15 commercial property loans to finance projects that total more than $54.8 million — a 44.6 percent increase over the same period in 2010 — projects record or near record transactions... - May 20, 2011
Mercantile Capital Corporation Logs Best Quarter Ever for Commercial Property Loans
Mercantile Capital Corporation, closed on its best first quarter ever as of March 31, closing on 15 commercial property loans during the 90 day period to finance projects that total more than $54.8 million. - April 14, 2011
Mercantile Capital Corporation Now Offers SBA 504 Financing to Refinance Commercial Mortgages
Mercantile Capital Corporation, a wholly owned subsidiary of Old Florida National Bank, now offers an opportunity for select commercial property owners to refinance their property, for the first time ever at below-market, long-term, fixed interest rates using U.S. Small Business Administration... - March 17, 2011
Mercantile Capital Corporation Eyes Major First Quarter Growth
Mercantile Capital Corporation, a wholly-owned subsidiary of Old Florida National Bank, projects record growth in the first quarter of 2011. "We closed seven commercial loans to finance projects in January for $15.2 million," said Chris Hurn, chief executive officer of Mercantile Capital... - March 10, 2011
Mercantile Capital Corporation Forms Partnership with San Diego and Atlanta Firms
Mercantile Capital Corporation, a wholly owned subsidiary of Old Florida National Bank, has formed partnerships with firms in San Diego and Atlanta to provide funding for SBA 504 loans eligible for the SBA’s new First Mortgage Pool (FMP) Program. Geof Longstaff, chairman of Mercantile... - March 03, 2011
Mercantile Capital Corporation Names Three New Executives
Mercantile Capital Corp. in Altamonte Springs appointed three new executives recently. Christopher Hurn, chief executive officer at Mercantile Capital Corporation, said he appointed Derek J. Housh as Loan Officer, who will focus on healthcare lending. Housh earned his B.A. Degree in Economics... - February 12, 2011
Mercantile Capital Corporation Reports Seven Commercial Loans in January, Up More Than 31 Percent Over Last January
Mercantile Capital Corporation, a wholly-owned subsidiary of Old Florida National Bank, reported it closed on seven commercial loans to finance projects that total $15.2 million in January. - February 11, 2011
Mercantile Capital Corp. Launches SBA 504 Interim Loans Website -- SBA504InterimLender.com
Mercantile Capital Corporation, a wholly owned subsidiary of Old Florida National Bank, which specializes in U.S. Small Business Administration 504 loans that assist small business owners acquiring or developing their own facilities, has announced the launch of a new website dedicated exclusively... - January 28, 2011
Mercantile Capital Corporation Ends Best Year Ever with Commercial Property Loans That Total More Than $140 Million
Mercantile Capital Corporation, the wholly-owned subsidiary of Old Florida National Bank that specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reported its best year ever in 2010. - January 13, 2011
Mercantile Capital Corp. Reports 2010 Shaping Up as Best Year in the Company's History
Mercantile Capital Corporation, a wholly owned subsidiary of Old Florida National Bank, which specializes in U.S. Small Business Administration 504 loans that assist small business owners acquiring or developing their own facilities, is having the best year in the company's eight year... - December 09, 2010
Mercantile Capital Corp. Reports Six Commercial Loans in October Valued at More than $20.3 Million
Mercantile Capital Corporation, a wholly owned subsidiary of Old Florida National Bank, reported it closed six commercial loans in Florida, California and Connecticut in October valued at more than $20.3 million. Christopher Hurn, chief executive officer of Mercantile Capital Corp., said the... - November 17, 2010
Old Florida National Bank Completes Merger with Mercantile Capital Corporation
Old Florida National Bank (Old Florida), headquartered in downtown Orlando, and Mercantile Capital Corporation (Mercantile), based in Altamonte Springs, announced they have closed on their merger agreement three months ahead of schedule. Earlier the two companies announced their intention to merge... - October 10, 2010
Mercantile Capital Corporation Projects Closing Loans for a Record $140 Million in Total Project Costs in 2010
Mercantile Capital Corporation, the seven-year-old Altamonte Springs firm that specializes in U.S. Small Business Administration (SBA) 504 loans for small businesses, expects to finance a total of more than $140 million in total projects in 2010. Christopher Hurn, chief executive officer of... - September 26, 2010
Old Florida National Bank and Mercantile Capital Corporation Announce Merger Agreement
Old Florida National Bank and Mercantile Capital Corporation have entered into a merger agreement. Old Florida National Bank (Old Florida), headquartered in downtown Orlando, expects the merger to be finalized in the late fourth quarter or early first quarter of 2011. Randy Burden, chairman of Old... - August 27, 2010
Mercantile Capital Corporation Finances U.S. Small Business Development Projects That Total More Than $500 Million
As U.S. Senators debate a House bill that would provide up to $30 billion in loan guarantees to American small businesses, a Florida-based lender that specializes in funding small business expansion and development projects is toasting a major benchmark: More than a half-billion dollars in loans... - August 18, 2010
Mercantile Capital Corp. Reports SBA 504 Commercial Loan Volume Up in June; First Half of 2010 Loan Closings Soar
Mercantile Capital Corp. reports the dollar volume of commercial loans it closed in June was up more than 284 percent over the same period last year. - July 09, 2010
Mercantile Capital Corporation Closes Eight Commercial Loans in May to Fund Projects Valued at $17.8 Million
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. - June 17, 2010
Mercantile Capital Corporation Reports Its Financed Projects That Totaled More Than $46 Million from January Through April
Mercantile Commercial Capital, LLC, the Altamonte Springs lender that ranks as one of the most active providers in the nation of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reports its financed commercial real... - May 28, 2010
Mercantile Capital Corporation CEO Earns Florida SBA Small Business Champion Award
Mercantile Capital Corporation, which ranks as one of the nation's largest providers of SBA 504 loans for small business owners who want to acquire or develop their own facilities, is about to be honored as the 2010 SBA Florida and 12-state Southeast District Financial Services Champion. Wilfredo... - April 22, 2010
Mercantile Capital Corporation Reports Two Commercial Loans in February Worth More Than $8.3 Million
Mercantile Capital Corp., which 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, reports it closed on two commercial property loans in February that totaled over... - April 11, 2010
Mercantile Capital Corporation Reports Big Increase in Commercial Property Loans
Mercantile Capital Corporation, Inc., which specializes in U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, reports it closed on 12 commercial loans for more than $35.7 million in total project costs during the first... - April 09, 2010