Mercantile Capital Corporation closed on commercial loans totaling $5.8 Million in June

Full story: larryvershel.blogspot.com

ALTAMONTE SPRINGS, 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, closed on four commercial property loans valued at more than $5.8 million in June.

Geof Longstaff, chairman of Mercantile Capital Corporation, said the firm’s largest loan in June was for $4.2 million and will fund the acquisition and renovation of the Old Mill Crab House in Ocean City, Md.

Longstaff said he expects to close on some 15 loans during the third quarter of this year and more than 20 loans during the fourth quarter.

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