SB Informer
Monday, May 15, 2006; 03:47 AM
Altamonte Springs, FL - Mercantile Commercial
Capital, LLC, the Altamonte Springs-based firm that specializes in U.S.
Small Business Administration (SBA) 504 loans for small business owners
who want to acquire or develop their own facilities, was recently
honored with three major industry awards.
Christopher G. Hurn, President and Chief Executive Officer of the firm,
said the U.S. Small Business Administration recently notified
Mercantile Commercial Capital that it will be honored at a luncheon in
Jacksonville on May 9 with its 2006 “Financial Services Champion of the
Year” award for the State of Florida.
Hurn said the award represents Mercantile Commercial Capital’s leading
role in providing SBA 504 loans in Florida and encompass both SBA
district offices that cover the state.
Hurn said the firm was also named the outstanding SBA lender in the
twelve states of the Southeastern region of the U.S., winning the SBA’s
“Financial Services Champion of the Year” award for nearly 1/5 of the
country -- something a Florida firm has previously never won.
At the same time, in Orlando, Mercantile Commercial Capital was
recently named as a finalist for the second year in a row as the “Best
Place to Work” by a local business publication.
“When we established our business model we heard a lot of criticism
from bankers and others who questioned why we would focus on a single
lending instrument. Our position, then as now, was that SBA 504
financing is highly under valued in the commercial lending market, and
we would focus only on the best product. While SBA 504 Loans are not as
lucrative for lenders on a loan-for-loan basis as conventional
financing, they offer by far the best value for clients and the best
value for the community,” Hurn said.