MERCANTILE CAPITAL CORP. CLOSES ON MORE THAN $12 MILLION IN LOANS IN AUGUST

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ORLANDO, FLA. — Orlando-based Mercantile Capital Corp. has closed on SBA 504 loans worth more than $12 million in August, up more than 212 percent over the same period last year. Included in the loans was $4.5 million to acquire and renovate Best Western's Sun Vista Hotel on International Drive in Orlando and $1.1 million to acquire and renovate a dental office in Atlanta. SBA 504 loans offer 90 percent loan-to-cost financing at below-market rates for qualified small business owners who want to acquire or develop their own facilities.

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