ORLANDO, Fla.--(BUSINESS WIRE)--Fountainhead Commercial Capital today announced its first year financial performance beat initial estimates as the company has already joined the ranks of the nation’s top SBA 504 lenders. The company financed $29 million in commercial real estate projects in six states during its first 12 months of operation beginning last February. In addition, Fountainhead was ranked 39th nationwide in 2015 despite opening its doors during the middle of the fiscal year. SBA 504 loans enable small business owners to purchase commercial buildings and property at below-market, fixed rates and with superior terms compared to traditional loans.
“When we launched Fountainhead, we believed we would have an immediate impact on the SBA 504 marketplace,” said Fountainhead CEO Chris Hurn. “Our results and our rankings have proven that we have quickly built one of the preeminent SBA 504 lenders in the country.”
Hurn credits the company’s strong team of experienced 504 lenders along with a new Fountainhead program called FastTrack 504TM which enables banks and credit unions to fully outsource SBA 504 loans and simplify the SBA process for their clients. He also sees a bright future due to the fact that Fountainhead recently entered four new western states: Colorado, Kansas, Oklahoma and Texas.
“While awareness of SBA 504 loans has grown among small business owners, we still believe that specialized expertise remains in high demand,” said Hurn. “We have chosen to market our experience in helping small business owners build their wealth through commercial real estate, and we are confident that it will continue to pay off for our clients.”
Fountainhead Commercial Capital, a nonbank lender specializing in the SBA 504 loan program, was founded by some of the most experienced and awarded SBA 504 lenders around. The company’s FastTrack504™ program enables to fully outsource SBA 504 loans to Fountainhead so they simplify the SBA process for their clients and deal with specialists, while earning referring lenders non-interest (premium) income. More information is available at www.Fountainhead504.com or by calling 800-770-1504.