Fountainhead Announces FastTrack 504™ Program

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FastTrack 504

Fountainhead Commercial Capital today announced the creation of the FastTrack 504™ program which enables banks and credit unions to fully outsource SBA 504 loans for owner-occupied real estate. Using the FastTrack program, a financial institution can outsource an SBA 504 loan candidate to Fountainhead, which will underwrite the project, assist with SBA authorization and help close first and second mortgages along with interim financing. Fountainhead will also pay premiums to referring banks, offering an opportunity for non-interest income. SBA 504 loans provide financing for the purchase of fixed assets, such as real estate, buildings and machinery, at below market rates. … Read More