Altamonte Springs, Fla./24 March 2009 – Mercantile Commercial Capital, LLC, which ranks as 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, closed a commercial loan for Payne Holdings, Inc. on February 26, 2009 for $2.1 million in total project costs. 

Payne Holdings, Inc. based in Jacksonville, is owned and operated by Seth Payne, former NFL player for both the Jacksonville Jaguars and the Houston Texans. He has recently changed his focus to owning and operating several Golden Corral Restaurants, starting first in Palm Coast, Florida. His hope is to open more franchise locations throughout Florida. 

Corporate Operating Officer, Seth Payne stated, “As a start up restaurant in the midst of the credit crisis, we wasted a lot of time and money with a loan broker, but after we hooked up with Adam Wonus at Mercantile Commercial Capital things changed.  Adam amazed us with his tenacity and resolve in getting us our permanent financing.” 

By taking advantage of Mercantile Commercial Capital’s Smart Choice Commercial Loan Program, small business owners are able to take their businesses to the next level.

 For more information, visit www.504Experts.com and www.504Blog.com.

Contacts:

Chris Hurn, Mercantile Commercial Capital, LLC 407-786-5040

Robin Lashley, Mercantile Commercial Capital, LLC 407-786-5040

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