What building improvements can I make with the SBA 504 loan?

I often get asked, “Should I buy? Should I build? Is there something in between? Should I buy and renovate?” There’s a lot of ways to go with building improvements. It really comes down to personal preference. If you want to be the most economical about things, oftentimes it is … Read More

What to Look out for When Getting Financing from Your Bank

Every day, business owners wake up at 4:00 or 5:00 a.m. They have a lease payment due on their commercial facility later that day and they finally have that lightbulb moment and say maybe I should convert this lease payment into a mortgage payment. Maybe they make a phone call … Read More

Why has the SBA 504 loan been kept a secret for so long?

Banks want you to utilize conventional loans. The SBA 504 Loan has often been in the shadows of the other SBA loan program, the 7A. It’s unfortunate, but frankly, it’s part of human nature. Most providers of commercial loans in America are banks, occasionally credit unions, non-bank lenders, etc. Most … Read More

What Fountainhead Will and Won’t Finance

I get calls and emails all day long from commercial mortgage brokers, which I’m very, very grateful for; however, I want to try and explain very simply what we will finance and what we won’t finance. We have two loan products–the SBA 504 loan and our low LTV conventional loan. … Read More

Chris Hurn Delivers Keynote at NACLB Conference

Click HERE to view Chris Hurn’s Keynote on Fanatical Customer Service for Financial Industry Pros.  WATCH this Customer Service Testimonial by Duane Zobrist, CEO of Resort Outfitters.

Why Don’t More Business Owners Buy Their Own Buildings?

So, why don’t more business owners buy their own buildings? I think a lot of it comes down to fear of the unknown. They don’t know the process; they don’t know how easy it can be; perhaps there’s some concern about dealing with bankers. The reputation of bankers has taken … Read More

The Number One Mistake People Make

So the number one mistake I hear quite regularly when people are convinced they want to own commercial real estate for their business is they immediately rush out, well–frankly, they go online and start looking at space in their city in their square footage requirements, what have you, or they … Read More

What does it take to qualify for the SBA 504 loan?

#1: Own a majority of the real estate. One of the qualifications for a SBA 504 loan is the square footage of the real estate you’re getting into. Are you going to occupy at least 51%, a simple majority? If you’re not, then you may not qualify for an SBA … Read More