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Jul 10, 2009 | Posted by: LVCO

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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Daily Horoscope for December 4

Leo

Tread carefully if you're involved in a property deal or home improvement plan today, because someone might try to pull the wool over your eyes. They might forget to give you some vital pieces of information, or give you the soft soap treatment in the hope that you won't ask awkward questions. You're very trusting right now, but don't let that make you gullible.

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