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The SBA Experts Report Surge in Commercial Lending…
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We distributed the following press release yesterday, and I thought you’d find it interesting. Despite all the continued negative talk about the economy and a “double-dip” recession, we at Mercantile are going gangbusters. The fact is that RIGHT NOW is a GREAT time to buy commercial property, and entrepreneurs everywhere are realizing it — so this demand is keeping us VERY busy.

Don’t hesitate to call me right away when you or someone you know decides it’s the right time to purchase commercial property. Yes we’re busy (as you’ll see from the press release below), but you can expect nothing short of an amazing experience when you work with us. Plus, I’m hearing more and more stories of people getting the runaround from other lenders. Why not start with us and save yourself some trouble? Even if we’re not able to help for some reason, you’ll get a quick “no” from us . . . which is immeasurably better than a long, drawn-out “maybe.” Call or email me right away — 1-866-622-4504 or chrishurn@mercantilecc.com — so we can started working for you or someone you know. The sooner the better.

All that said, here’s the press release we distributed yesterday:

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NEWS RELEASE

Mercantile Capital Corp. Reports SBA 504 Commercial Loan Volume up in June

First Half of 2010 Loan Closings Soar

ALTAMONTE SPRINGS, Fla. — 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.

At the same time, Christopher Hurn, chief executive officer of Mercantile Capital Corp., said since January Mercantile Capital closed 29 commercial loans for projects valued at $81.6 million, a spectacular jump (416.46%) over the same six-month period in 2009 when $15.8 million was funded for 10 loans.

“This marks the best six-month period in our company’s history,” Hurn said.

Mercantile Capital Corp. –- which ranks as one of the most active providers of U.S. Small Business Administration (SBA) 504 Loans in the nation –- closed 7 loans in June for projects that totaled just over $20 million in 4 different states and the District of Columbia.

Visit www.504Experts.com and www.504Blog.com.

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For more information about this press release, contact

Chris Hurn, CEO Mercantile Capital Corporation, 407-786-5040

Robin Lashley, Mercantile Capital Corporation, 407-786-5040

Beth Payan or Larry Vershel, Larry Vershel Communications 407-644-4142

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P.S. Don’t forget to become a “fan” of MCC and “like” us at www.facebook.com/MercantileCC.

P.P.S. While you’re there, be sure to check out the pictures we posted from “Take Your Dog To Work Day,” which was on June 25th. We had some canine companions hanging around the office, and we also celebrated with a slew of hot dogs for lunch . . . which caused the day to become affectionately known as “Gut-Bomb Friday” around the office. Hope you enjoy the pictures!

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9 Comments

  1. Rick Falls says:

    Great to hear that something is working Chris.

    Keep up the good work !

    I may need to come and work for you, or connect
    you with some of my small business clients.

    Take care,

    Rick

  2. Dominique says:

    That’s awesome Chris! Signs that things are turning around a bit….Just from the info you’ve provided since I joined you e-news letter I’m learning more and more on commercial. I’ve been looking at a couple multi-family properties (20+ units)with cap rate from 8 1/2 – 10..So I’m learning more on commercial financing..and I’ve got more info from you than the commercial reps I’ve spoken to….Keep doing what your doing Chris because your great at it!

    Dominique
    Anaheim, Ca

  3. Timothy Sharpe says:

    Way to go Chris and team!

    Its the little businesses that flourish during a recession and MCC is well positioned to capitalize on the business turnover toward new ideas.

  4. Big Papa says:

    Wow, that is really impressive. Smart investing and a will to succeed goes further than most people would ever give credit for. Very nice man!

  5. Timothy Sharpe says:

    That is awesome news!

  6. Mary Jo Larson says:

    I saw this! Exciting news.

  7. Alexander Quinn says:

    Hello Chris,

    That sounds great that you are so busy.

  8. Larry says:

    Thanks Chris,

    You are gifted at “giving out info to attract business”. What I enjoy about your help and newsletter is that it actually benefits my company’s business!

    Kudos, Larry

  9. Mike Giles says:

    Great stuff Chris, Happy for you. Although leasing velocity has increased in many Greater Boston submarkets and there has been a surge of large asset investment activity, property purchasing by SME’s is still slow here.
    I believe this is because SME’s are naturally more cautious, as well as more susceptible to the constant din of negativity trumpeted daily in the media as a way to capture eyeballs and earholes.
    Keep up the great work!

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