FCC Closes $4.4 Million Hotel Deal in Tiffin, OH

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Hampton-Inn-Tiffin -Ohio

We’re ending another great week as yesterday we helped another owner of a small business create wealth by acquiring commercial real estate using our Fountainhead 504 loan program. Our details below provide you with an example of the type of deals we’re doing for others and can do for you and those you know as well. >>Commercial Brokers/Nonbank Commercial Lenders…if you have any clients who can benefit from using our 504 loan program to create wealth by owning their own commercial property we can help! Contact us today!<< >>Bankers/Credit Unions … if you can’t get a deal done in-house, reach … Read More

FCC Closes $346,000 Commercial Loan for Charter Bus Facility in Miami, FL

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Miami Coach 504 Loan

Few things excite us more than helping owners of small businesses create wealth by acquiring commercial real estate property using our SBA 504 loan program. SEC/ACC/NFL season for most of us around here (EPL football for Chris) might almost top that, but still… This is especially true when the owners are immigrants from another country who’ve worked hard to be part of the American dream to own their own business! >> Commercial Brokers…if you have any clients who can benefit from using our 504 loan program to create wealth by owning their own commercial property we can help! Contact us … Read More

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

Fountainhead Closes $5.5 Million Hotel Project in Jacksonville, FL

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sba 504 loan

Across the nation the Hospitality industry is healthy with strong acquisition and ground-up construction opportunities all around. In fact, we are currently processing several hotel loans and expect to close at least four of these (totaling over $19 million) in the next 45 days for flagged properties in Illinois, Ohio and Michigan. More details as we close them, but right now, we are excited to announce our most recently closed deal… Fountainhead is proud to announce the closing of a $4,619,750 hotel loan for BDS Hotel Investments Inc. Our SBA 504 loan was used to acquire a 118-unit Country Inn … Read More

Can You Finance Heavy Equipment with an SBA 504 Loan?

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Although SBA 504 loans are primarily used for financing owner-occupied commercial real estate, the program does allow, in certain circumstances, for the acquisition of heavy equipment with a useful life exceeding 10 years. In fact, we have just closed such a loan! Fountainhead is proud to announce its most recent closing, a $1,303,925 loan used for the acquisition of heavy equipment by Natstone, LLC, a manufacturer of thermal bluestone. Natstone, located in Montrose, PA., acquired the necessary equipment needed to mine, treat, and ultimately manufacture natural stone products for patios, walkways, building facades, landscaping and pool decks. The equipment acquired … Read More

Fountainhead Fridays: Why Some Lenders are Like Teenagers in Horror Movies…

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We’re deeply sorry you missed our Fountainhead Friday blog post last week.  Call it “Fountainhead Fatigue.”  We’ve been so busy lately, it simply slipped our collective minds until it was too late in the day.  Hopefully it won’t happen again. We just approved our latest loan for $4,354,000, so we’re now up to $20,768,000 in commitments and/or closings in the past 60 days or so, if you’re keeping score.  And we’ve got another $10,160,000 going to our credit committee early next week.  Poor Matt.  He closes our loans, and he’s about to become the most fatigued Fountainheader of us all… 😉 … Read More

Fountainhead Closes Loan for Site Solutions of Central Florida

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closed with an sba 504 loan

Fountainhead Commercial Capital Closes Loan for Site Solutions of Central Florida; Woman-Owned Construction Company Purchases Orlando Building for $515,000 Fountainhead Commercial Capital closed its first loan earlier this month, financing the purchase of a 5,000-sf building and lot for Orlando construction company Site Solutions of Central Florida. The woman-owned company took advantage of low interest rates and favorable terms offered by Fountainhead and the SBA 504 Loan program, which provides financing for the purchase of fixed assets, such as real estate, buildings and machinery. “Though we operate nationwide, we are proud that our first loan closing involved a fine company … Read More

Why Being a Specialist is Most Beneficial for You…

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Over the years, my thinking regarding “experts” has evolved. I once believed that becoming an expert was a worthy goal and hiring an expert was a smart business decision. Not anymore. As someone famously once said, “An expert is someone who can tell you exactly how something can’t be done.” But as we both know, doing the impossible is how progress happens. Don’t give me a “No,” try to help me get to a “Yes.” Every breakthrough, every accomplished dream, and every achieved milestone was just an impossibility the day before it happened. Progress doesn’t come from the naysayers, it … Read More