Fountainhead Commercial Capital to Offer SBA 7(a) Small Business Loans

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SBA recently approved acquisition of license from American Business Lending, Inc. Fountainhead Commercial Capital today announced the non-bank finance company will begin offering U.S. Small Business Administration (SBA) 7(a) Program loans to small businesses throughout the United States. Fountainhead’s acquisition of a Small Business Lending Company (SBLC) 7(a) Loan Program license from American Business Lending, Inc. recently received final approval from SBA. Only fourteen of these licenses were created by SBA beginning in the mid-1970s, and Fountainhead holds one of the few in the Southeast. Best known for leadership in the SBA 504 Loan Program, Fountainhead will now expand its mandate … Read More

The shutdown impact lingers for your clients

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The shutdown was a 35-day roller coaster for business owners trying to buy commercial real estate. It’s likely some of your clients were caught up in that. We’ve never worked so hard in January but were excited to put in those hours and help save deals for our referral partners’ clients. American Banker asked me to weigh in on the shutdown and resulting backlog of SBA loan applications. This is a quick read of the article as posted on Ecommerce Daily News. It explains what can actually be done to keep deals from going off the cliff. Even though the … Read More

Do these 3 things to save your deal.

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I was honored to have business.com ask me to offer solutions regarding the shutdown and how small businesses in the middle of a real estate transaction can save their deals and continue to grow their companies. Moody’s Analytics says over $2 billion in SBA funding has been delayed by the shutdown. If that’s you, here’s my best advice: Delay as much as you can. Put more “skin in the game.” Look for interim financing from another source (such as us – we’ve even been doing this for household-name banks). Click here to read the entire article. We’ve never closed so … Read More

Fountainhead Commercial Capital Will Fund SBA Real Estate Loans During Shutdown

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Commercial real estate lender financing deals with pending SBA authorizations Fountainhead Commercial Capital today announced that it is helping small business owners with pending U.S. Small Business Administration (SBA) authorizations to close commercial real estate transactions that are stalled by the government shutdown. The SBA has been closed since Dec. 22, leaving many business owners in limbo while hoping to close on commercial real estate deals with impending deadlines. Fountainhead is offering interim financing at competitive rates and terms so that small business owners can close deals which might otherwise be abandoned. “Many small business owners have put down deposits, paid … Read More

Crank up Business – Crank up the Economy Newsletter

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According to the SBA, there are almost 30 million small businesses in the US. They employ 47.8% of US workers and account for 63% of the net share of new jobs over the past six years. These small businesses played a huge role in the 4.2% GDP growth that our country experienced in 2Q18. This is why I’m all in for small business owners and supporting them in growing their businesses. We offer a number of financing options for entrepreneurs, but our Fountainhead 504 loan program is one that is literally meant to encourage economic development. When small business owners … Read More

Happy 4th of July

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The Fountainhead team wishes you a great Independence Day holiday as we celebrate yet another year of freedom for the United States of America. While we probably all wish we were a little more “united” these days, I’m reminded that it’s our liberty that gives us all both the privilege of disagreement and the responsibility of civility. We have all been so very blessed in the Land of the Free and the Home of the Brave! Have a great, safe, and respectful July 4th tomorrow! And if you’re so inclined, as I do yearly, read these majestic words here: Declaration of … Read More

Time it Right to Do it Well Newsletter

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TED speaker and NYT bestselling author Dan Pink recently released a book titled When: The Scientific Secrets of Perfect Timing. Ask any war historian, and they’ll tell you that great victories in battle often come down to timing. Timing is important in every part of life, and certainly in business. Knowing what you can afford to spend on commercial real estate matters. Knowing when the time is right to pull the trigger is just as important. Watch this short (2:25) video to help you or your clients identify the key points on timing your commercial real estate investment for business. … Read More

Thinking of Making the Jump to a Remote Office? Look Before You Leap.

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Why Being In The Same Room Can’t Be Duplicated I’ve read the headlines for years about the coming age of the remote workplace.  It keeps cars off of congested roads, gives overburdened workers flexibility, and provides work-life balance to a generation that craves it.  What could possibly go wrong?  As it turns out, lots of things can and do go wrong. Don’t misinterpret me, I love the technology that enables the remote office.  E-mail and cell phones have been around for years, but recent advances in cloud computing and video-conferencing make physical preference pretty negligible from a technical perspective.  But … Read More

Desperation Can Bring About The Best Solutions

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I’ve been part of an organization called Young President’s Organization for some time–for over nine years now, and we get regular email communications on a daily basis, various deals and what not, and one day, I got one about someone who wanted to finance their commercial real estate. I responded and kicked off a nice conversation with this future borrower of mine. He provides, basically, the extracurricular activities at very high-end resort properties like The Greenbrier, Hershey Hotel and the Gasparilla Inn in Boca Grande, Florida, places like that. And so, he had an opportunity to buy his office building … Read More

Fast Track 504 Part 1: What Is It?

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About a year ago, we launched what we call a Fast Track 504, which is a wholesale program–a secondary market program–meant for banks, credit unions, non-banks, commercial mortgage brokers, all to participate in outsourcing 504 first-lien loans to us to finance. In return, we actually pay them non-interest income premiums based on the yield spread based on increasing the spread over the index we use to factor the interest rate. It’s modeled after things that have existed in the 504 marketplace for decades, but it’s a different spin. We have a broader credit box than a lot of folks out … Read More