Largest Orlando-based SBA lender continues to assist small companies by means of progressive mortgage packages
ORLANDO, Fla., Nov. 23, 2020 (GLOBE NEWSWIRE) — Fountainhead, a nationwide, nonbank lender for small-to-mid-sized companies at the moment publicizes a significant milestone: making the highest 100 record for many lively Small Enterprise Administration (SBA) lenders within the nation.
The Orlando-based lender helps firms develop through SBA 7(a), SBA 504, and low-LTV standard mortgage packages, in addition to loans through the Paycheck Safety Program (PPP). Fountainheads work on the PPP mortgage program, launched by SBA in March of 2020, has funded greater than $767 million throughout 8,237 loans and has saved an estimated 120,00zero American jobs.
Most lately, Fountainhead was authorized to be one in all SBAs Most popular Lenders. This coveted spot within the Most popular Lending Program, awarded to a small proportion of lenders, grants designated underwriting for 7(a) loans, which shaves a number of enterprise days off the approval and shutting course of. Fountainhead was additionally authorized to take part in SBAs Categorical Mortgage Program. Each milestones making the highest 100 and receiving PLP standing had been achieved in Fountainheads first full authorities fiscal 12 months offering 7(a) loans.
Ever since we first began in 2015, the group has labored extremely laborious to assist present the neatest and quickest financing doable for small enterprise house owners, stated CEO and Founder Chris Hurn. Weve grown the corporate to grow to be the biggest SBA nonbank lender within the Southeast and the third largest SBA lender based mostly in Florida by means of a number of completely different firm initiatives, the PPP being the latest. Our progress is thrilling, however we gainedt stray from our mission to assist small companies navigating the pandemic.
Other than its current authorities honors, Fountainhead was additionally named to the Inc. 5000 record of Americas Quickest Rising Corporations for the second 12 months in a row, and one in all Orlando Enterprise Journals 2020 Finest Locations to Work for excellent tradition and monetary business management.
Fountainhead is a nationwide, nonbank, direct industrial lending agency that makes a speciality of funding industrial actual property initiatives and offering progress financing for enterprise house owners using SBA 7(a), SBA 504, standard loans, and most lately, Paycheck Safety Program (PPP) loans. The corporate is one in all 14 nonbank lenders authorized by the U.S. Small Enterprise Administration and the group has been concerned in financing greater than $24 billion in complete initiatives over their careers, making them one of the vital skilled groups in industrial lending to house owners of small-to-midsized companies. For extra info please go to their web site at FountainheadCC.com.
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