Fountainhead Commercial Capital Finances $253 Million in 2019
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. The company is now Florida's largest non-bank lender, employing 31 professionals.
The company added 26 employees in 2019, opened an office in Denver and became one of only 14 non-bank lenders licensed by the U.S. government to make SBA 7(a) loans.
According to Fountainhead CEO Chris Hurn, the company's growth stems from a relentless effort to provide speed and great service to small business owners and their advisors, nationwide. Fountainhead loans have helped create more than 1,300 jobs in the past year, due to superior terms versus conventional bank loans
"We continue to tap unmet financing needs in the small- to mid-sized business market, and we are poised for a lot more growth ahead as we now offer 7(a) loans, which can help many small businesses expand," said Hurn. "We had a record year, but we also know that many entrepreneurs still need financing in what remains a very choppy lending environment from traditional lenders."
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. The company's AI-enabled software program, Pronto, is an online loan automation and evaluation tool, which issues loan approvals in less than two hours. More information is available at Fountainheadcc.com and by calling 800-770-1504.
SOURCE Fountainhead Commercial Capital
