Lender grows by 36 percent, doubles revenue and creates 396 jobs
FOR IMMEDIATE RELEASE / PRURGENT
Maitland, FL -- Fountainhead Commercial Capital, a privately owned nonbank lender with a specialization in U.S. Small Business Administration (SBA) "504" loans and low loan-to-value conventional loans, finished 2017 by funding more than $93.9 million in commercial real estate transactions across the country. Fountainhead grew origination volume by more than a 36 percent, doubled its revenues, and created 396 jobs by stimulating economic development in conjunction with the SBA.
The company helped entrepreneurs and other small business owners purchase commercial properties such as hotels, restaurants, office condos and warehouses among other buildings. Dozens of business owners have stopped paying rent and began building their personal wealth due to loans provided by Fountainhead. In 2017, the company also created and launched Pronto, a new proprietary artificial intelligence software designed to generate commercial real estate loan approvals within two hours. Without it, loan approvals can typically take up to three weeks.
"We help businesses grow and business owners grow their wealth," said Chris Hurn, CEO of Fountainhead Commercial Capital. "We look forward to assisting more business owners in 2018 and continuing to work with entrepreneurs nationwide."
Since May of 2015, the company has funded more than $188 million in commercial real projects across a wide variety of industries in nearly 20 states.
About Fountainhead Commercial Capital
Fountainhead is an industry-leading, national nonbank lender founded in February of 2015 by some of the most experienced and awarded small business lenders in the U.S. The company specializes in SBA 504 loans and low loan-to-value commercial real estate loans, ranging from $200,000 to $20 million. The company's unique FastTrack504 wholesale/secondary market program enables banks, credit unions, and others to fully outsource SBA 504 and conventional commercial real estate loans to Fountainhead, so they simplify the process for their clients and deal with specialists, while earning non-interest (premium) income. More information is available at Fountainhead504.com or by calling 800-770-1504.