SBA 504 Loan Experts, Mercantile Commercial Capital, Named “Best Small Company in Central Florida”
“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
Recently named to the Inc. 500 list of
Best Place to Work” by the Orlando Business Journal in 2005, 2006, and 2007.