News by SB Informer

Mercantile Commercial Capital Launches First Phase of Nationwide Expansion Program Targeting 150 US Markets

SB Informer
Friday, February 23, 2007; 02:32 AM

Mercantile Commercial Capital, LLC, one of the nation's leading providers of U.S. Small Business Administration (SBA) 504 loans for small business owners who want to acquire or develop their own facilities, has launched a nationwide expansion program that will focus on as many as 150 local markets.

Christopher G. Hurn, president of Mercantile Commercial, said the first phase of expansion is already underway: Hurn and his staff conducted a two-day training seminar recently for correspondents who will represent the Mercantile Commercial Capital brand in 15 markets in nine states.

Hurn said a second phase of expansion will launch in four months.

"We anticipate that we will cover the country in at least 125 different local markets and as many as 150 markets within the next 18 months," Hurn said.

Hurn said Mercantile Commercial's nationwide expansion will create a major commercial lending network that few lenders will be able to compete with.

"We have developed a highly organized, consistent program that we have tested outside Florida and found that it works equally well in all U.S. markets," Hurn said. "Moreover, we are expanding without the huge capital investment for facilities and a large, salaried sales force typical of banks and other commercial lenders," he said. "Our new model has never been rolled out previously by others," he said.

Hurn said Mercantile Commercial Capital will remain a Central Florida-based firm.

"We are serving a national audience with smarter commercial property financing for small to mid-sized business owners," Hurn said.

SBA 504 loans offer qualified small business owner's 90 percent financing at below-market fixed rates and 25-year terms. Mercantile also offers commercial stated and conventional loans to small to mid-sized business owners.

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