SBA 504 Loan Experts, Mercantile Commercial Capital, Named 'Best Small Company in Central Florida'
Orlando, Fla. (PRWEB) January 18, 2008 -- Orlando Business Journal readers chose the winners for 52 categories in December, and selected Mercantile Commercial Capital, specializing in U.S. Small Business Administration (SBA) 504 loans for small business owners, as this past year's "Best Small Company."
"We've worked very hard this year, and it feels good to be recognized for our efforts," said Chris Hurn, President, CEO, and cofounder of Mercantile. Their growth over the past year has been phenomenal: they created the ACE correspondent program, and now have 30 correspondent offices around the country. Also, last year the firm closed 48 commercial loans on projects that totaled over $102 million. Their commercial loan volume is up more than 23 percent over 2006. In the past 48 months, Mercantile has funded over $287 million in projects for 174 business owners.
Additionally, Mercantile's efforts have greatly benefited the American economy. Their 504 loans have helped create 2,202 new jobs since they started. Plus, Hurn estimates that Mercantile's below-market fixed interest rates and 90% loan-to-cost financing have saved the firm's clients some $38 million in capital expenses since 2003.
Mercantile Commercial Capital is no stranger to being honored with top awards. They have received numerous accolades, including their inclusion on the 2007 Inc. 500 list of 500 fastest-growing companies in America. Additionally, they were honored with the Banker of the Year award by the National Association of Development Companies (NADCO) in 2006, and the U.S. Chamber of Commerce's "Blue Ribbon Small Business Award" last year.
Recently named to the Inc. 500 list of America's Fastest Growing Companies, Mercantile Commercial Capital has been called the "Fastest growing commercial lender in America," the "Most unique and entrepreneurial bankers around," and the "Fun Bankers." From their start in 2003, Mercantile Commercial Capital has made it their specialty to fund 504 loans for small business owners wanting to purchase or acquire commercial property. Mercantile Commercial Capital was also named "Best Place to Work" by the Orlando Business Journal in 2005, 2006, and 2007.
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This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
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