Christopher Hurn

Fountainhead Named Among the Country’s Top 15 Paycheck Protection Program (PPP) Lenders

Retrieved on: 
Wednesday, June 16, 2021
Business, Articles, Economy, Paycheck Protection Program, United States responses to the COVID-19 pandemic, Small Business Administration, PPP, Small business, Loans, Christopher Hurn

ORLANDO, Fla., June 16, 2021 (GLOBE NEWSWIRE) -- Fountainhead , an SBA-approved nationwide, nonbank lender for small-to-mid-sized businesses, today announces over the past 15 months it has funded 287,710 Paycheck Protection Program (PPP) loans totaling over $4.72 billion in much-needed aid for small businesses.

Key Points: 
  • ORLANDO, Fla., June 16, 2021 (GLOBE NEWSWIRE) -- Fountainhead , an SBA-approved nationwide, nonbank lender for small-to-mid-sized businesses, today announces over the past 15 months it has funded 287,710 Paycheck Protection Program (PPP) loans totaling over $4.72 billion in much-needed aid for small businesses.
  • In the most recent Small Business Administration (SBA) PPP Report, Fountainhead was included in the Top PPP Lenders for 2021 PPP list, ranking as the 6th most active and ranking 12th for most funding.
  • In 2020, Fountainhead funded 8,237 PPP loans for $767 million.
  • For more information on Fountainhead, or ways to grow your small-to-mid-sized business, visit FountainheadCC.com .

Fountainhead Signs Deal to License Biz2X SBA Platform for PPP Loans, Other SBA Programs

Retrieved on: 
Friday, January 8, 2021
Loans, Paycheck Protection Program, Christopher Hurn

This will also enable Fountainhead clients to quickly apply and be approved for their PPP loans, as well as regular SBA loans like 7(a) and 504.

Key Points: 
  • This will also enable Fountainhead clients to quickly apply and be approved for their PPP loans, as well as regular SBA loans like 7(a) and 504.
  • Features of the Biz2X-Fountainhead Partnership include:
    Digital customer dashboard allowing SMBs to apply for PPP loans, as well as all other Fountainhead-offered loan products.
  • The Biz2X Platform will help us increase the number of funding requests we process across all of our SBA lending programs, said Chris Hurn, CEO and Founder, of Fountainhead.
  • The Biz2X Platform offers enhanced loan management, servicing, risk analytics and a configurable customer journey, Biz2X is helping lenders run their lending operations at scale.

TMC Financing Ends Fiscal Year 2020 as the No. 1 SBA 504 Lender in the Western Region

Retrieved on: 
Tuesday, November 24, 2020
Loans, Small Business Administration, Mortgage, Money, Finance, Economy, SBA 504 Loan, Mortgage loan, Refinancing, Second mortgage, Christopher Hurn, SBA ARC Loan Program

1 SBA 504 lender in the Western Region of the nation.

Key Points: 
  • 1 SBA 504 lender in the Western Region of the nation.
  • SBA 504 loans enable business owners to purchase, renovate, construct or refinance commercial real estate with only a 10 percentdown payment, and below-market, fixed-rate long-term financing.
  • SBA 504 loans are structured with a first mortgage from a conventional lender, typically representing 50 percent of the total project, and a second mortgage from a CDC such as TMC Financing , backed by the SBA.
  • In addition to helping business owners finance real estate via the SBA 504 Program, COVID-19 prompted TMC to help small businesses with new programs.

Fountainhead Named Among Country’s Top 100 Most Active Small Business Administration Lenders

Retrieved on: 
Monday, November 23, 2020
Small Business Administration, Loans, Credit, Christopher Hurn

ORLANDO, Fla., Nov. 23, 2020 (GLOBE NEWSWIRE) -- Fountainhead , a nationwide, nonbank lender for small-to-mid-sized businesses today announces a major milestone: making the top 100 list for most active Small Business Administration (SBA) lenders in the country.

Key Points: 
  • ORLANDO, Fla., Nov. 23, 2020 (GLOBE NEWSWIRE) -- Fountainhead , a nationwide, nonbank lender for small-to-mid-sized businesses today announces a major milestone: making the top 100 list for most active Small Business Administration (SBA) lenders in the country.
  • Most recently, Fountainhead was approved to be one of SBAs Preferred Lenders.
  • This coveted spot in the Preferred Lending Program, awarded to a small percentage of lenders, grants designated underwriting for 7(a) loans, which shaves several business days off the approval and closing process.
  • For more information on Fountainhead, or ways to grow your small-to-mid-sized business, visit F ountainhead CC .com .

Florida First Capital Finishes FY 2020 as America’s #1 SBA 504 Lender

Retrieved on: 
Tuesday, October 13, 2020
Banking, Professional services, Finance, SBA 504 Loan, Small Business Administration, Business, SBA, Economy, Christopher Hurn, SBA ARC Loan Program

Florida First Capital Finance Corporation is pleased to announce the company not only remained Floridas #1 Small Business Administration (SBA) lender for the 5th year in a row, but is now the #1 SBA 504 lender in the nation.

Key Points: 
  • Florida First Capital Finance Corporation is pleased to announce the company not only remained Floridas #1 Small Business Administration (SBA) lender for the 5th year in a row, but is now the #1 SBA 504 lender in the nation.
  • Florida First Capital is a multi-state nonprofit Certified Development Company (CDC) licensed and regulated by the SBA to provide SBA 504 loan financing to growing and expanding small businesses in Florida and Alabama and South Georgia dba First Capital Finance.
  • According to SBA data for FY 2020, Florida First Capital/First Capital Finance produced 362 SBA 504 loan authorizations resulting in $773,363,250 in total project financing with an estimated 3,430 jobs created/retained, earning the company the top SBA 504 lender spot in the nation.
  • For more information about SBA 504 loans in Alabama, Florida or South Georgia, contact a Florida First Capital Loan Officer or email us at [email protected] .

Fountainhead Commercial Capital Finances $253 Million in 2019

Retrieved on: 
Thursday, January 30, 2020
Loans, Business loan, SBA 504 Loan, Small Business Administration, Business, Christopher Hurn, Financial services, SBA ARC Loan Program

ORLANDO, Fla., Jan. 30, 2020 /PRNewswire-PRWeb/ --Small business commercial lender Fountainhead Commercial Capital recently completed its best year ever, setting company records for U.S. Small Business Administration (SBA) loan volume and job creation.

Key Points: 
  • ORLANDO, Fla., Jan. 30, 2020 /PRNewswire-PRWeb/ --Small business commercial lender Fountainhead Commercial Capital recently completed its best year ever, setting company records for U.S. Small Business Administration (SBA) loan volume and job creation.
  • In just its fourth year in business, the company financed more than $253 million in small business loans across 18 states.
  • In 2020, Fountainhead plans to add approximately 15 more full-time, high-wage employees and close more than $450 million in commercial loans.
  • Fountainhead Commercial Capital and its sister-company, Fountainhead SBF LLC, specialize in providing SBA 504 loans, SBA 7(a) loans, and low loan-to-value conventional loans nationwide.

4.74% Ongoing Effective Rate For 25-Year '504 Loan' Financing Means More Small Businesses Are Eligible To Buy Buildings, Fixed Assets

Retrieved on: 
Friday, March 8, 2019
Small Business Administration, SBA 504 Loan, Loans, Business, Business loan, Christopher Hurn

Small businesses are taking notice of the 25-year fixed rate SBA 504 loan.

Key Points: 
  • Small businesses are taking notice of the 25-year fixed rate SBA 504 loan.
  • Since its first funding in July 2018,the number of 25-year loans has increased significantly, with the latest pool financing 116 loans amounting to almost $100 million in commercial assets financed nationally.
  • The bankers reduce their risk and the real estate brokers make more and bigger sales with an increased pool of eligible borrowers.
  • NADCO is the trade association of certified development companies the Small Business Administration's certified on-the-ground partners charged with administering the 504 Loan.

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

Retrieved on: 
Wednesday, February 13, 2019
Small Business Administration, Economy, Loans, Money, Finance, SBA 504 Loan, Christopher Hurn, SBA ARC Loan Program

ORLANDO, Fla., Feb. 13, 2019 /PRNewswire/ --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.

Key Points: 
  • ORLANDO, Fla., Feb. 13, 2019 /PRNewswire/ --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.
  • Best known for leadership in the SBA 504 Loan Program, Fountainhead will now expand its mandate and offer loans to small business owners for working capital, business acquisitions, partner buyouts, equipment, furniture and fixtures, startup capital, and debt refinancing, among other business purposes.
  • Fountainhead Commercial Capital, a nationwide, nonbank, direct lender specializing in the SBA 504 Loan Program, SBA 7(a) loans, and low loan-to-value conventional loans, was founded by some of the most experienced and awarded SBA lenders around.