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Mercantile closed 12 SBA loans for a total of $35.7 million for commercial real estate nationwide. Thats up from three SBA loans for $3.2 million it closed during fourth-quarter 2009. The demand is there, said Hurn. A lot of companies dont know theyre looking for small business loans they just want financing. Take Mike Cottle, owner and president of Out-SpokeN Bike Shop in Lake Mary. He was having trouble finding a lender to finance an expansion. After renting various locations for more than five years, he wanted to buy his own space, but it just didnt seem possible for me to go out and get the money to buy a building. However, Cottle who has seven employees and $1 million in annual revenue eventually got a $700,000 SBA loan through Mercantile in September that helped him buy 3,500 square feet of space. He opened his shop in the new location in early February. Without that loan, this space was completely untouchable to us.