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Mercantile Capital Corporation Closed on Commercial Loans Totaling $5.8 Million in June

The firm’s largest loan in June was for $4.2 million and will fund the acquisition and renovation

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

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.

For more information, contact:
Geof Longstaff, Chairman, Mercantile Capital Corporation 407-786-5040
Chris Hurn, Chief Executive Officer, Mercantile Capital Corporation, 407-786-5040
Shannon Marks, President/COO, Mercantile Capital Corporation, 407-786-5040
Larry Vershel, Larry Vershel Communications 407-644-4142

More Stories By Larry Vershel

Larry Vershel is founder and CEO of Larry Vershel Communications, Inc. He earned a BA in Journalism and an MA in English Literature from Columbia University in New York City, and served as general assignment reporter, business news reporter and business editor at major U.S. daily newspapers including the Baltimore Sun and Tampa Tribune. He served as a White House speechwriter during the Carter administration, and covered the war in Lebanon for The Economist. In 1982, he was awarded a writing grant from the Israeli government. Larry has published one play, three novels and three collections of poetry.