Safety may save the day, but it never WINS the day…

Fountainhead 504SBA 504 Blog0 Comments

Create Wealth with SBA 504 Loan

The above phrase is one of the key takeaways in an article I read last week about one of my favorite restaurateurs, Danny Meyer. You might recognize his name as the founder of Shake Shack, which seems to be taking the country by storm these days, since its recent IPO. While that burger-joint has appeared in many movies (and made me stand in plenty of lines previously), his other restaurants (like Gramercy Tavern, Blue Smoke and Union Square Café) are some of my personal favorites. Danny’s restaurants regularly make the New York City “Best” lists, and it’s been my pleasure … Read More

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

Fountainhead Commercial Capital Launched

Fountainhead 504SBA 504 Blog

SBA 504 Loans

Renowned small business lender Chris Hurn today launched Fountainhead Commercial Capital, a nationwide lender focused on financing owner-occupied commercial real estate. Hurn, who has lent nearly two billion dollars on commercial real estate through the SBA 504 loan program, opened the doors on the new business and has already started consulting with entrepreneurs about funding their businesses. Hurn, who co-founded pioneering SBA 504 lender Mercantile Capital Corporation in 2002, started Fountainhead as an innovative source for growth capital for small business owners. Funding through the 504 loan program enables business owners to receive long term, below market fixed interest rates … Read More