Lessons from the SBA Loan Program Shutdown

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Last week, the U.S. Small Business Administration shut down its 7(a) loan program again, leaving thousands of small business owners scrambling to finance a wide range of business projects.  This shutdown (the fourth since I’ve been in small business lending) was swiftly overturned, as Congress approved an increase in the 7(a) program cap to $23.5 billion for the remainder of this current fiscal year.  That’s $4.75 billion more than the current ceiling that had effectively been hit, necessitating the shutdown.  President Obama quickly signed the bill into law.  Crisis averted.  Or is it? More than 11 years ago, I first … Read More

Why I’m Traveling to the Countryside on My Friday Night…

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In these “Dog Days of Summer,” I wouldn’t normally blog something so personal, but I think it’s warranted here and hopefully worth your couple minutes of review. Like me, you probably have people in your life who don’t often get the recognition they deserve. The people who do some of the “un-glamorous” work. Well, I’ve had someone effectively manage my company database for over 11 years, and I can unequivocally say that isn’t terribly glamorous work. She did so with my former company, and I’ve managed to have her working part-time with us here at Fountainhead since nearly the beginning. … Read More

Fountainhead Closes $8.2 Million Hotel Deal in Urbana, IL

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We started last week by closing a terrific hotel loan in Illinois on Monday morning, one of several hospitality deals we have in our pipeline currently.  The hospitality industry is thriving and Fountainhead  is taking advantage of the many opportunities presenting themselves in multiple states across the nation. Let us know how we can help you and/or someone you know by contacting us at:  info@FountainheadCC.com today.  But, for now, let’s focus on the specifics of the deal we just closed… Fountainhead is proud to announce the closing of a $6,818,124 hotel loan.  Our Fountainhead 504 loan was used to acquire … Read More