Major Orlando-primarily based SBA financial institution continues to enable tiny firms as a result of ground breaking bank loan applications
ORLANDO, Fla., Nov. 23, 2020 (Globe NEWSWIRE) — Fountainhead, a nationwide, nonbank lender for compact-to-mid-sized businesses now announces a major milestone: building the leading 100 record for most active Smaller Business Administration (SBA) loan providers in the country.
The Orlando-primarily based lender can help organizations increase through SBA 7(a), SBA 504, and reduced-LTV regular loan systems, as nicely as financial loans by way of the Paycheck Security Plan (PPP). Fountainhead’s function on the PPP mortgage system, launched by SBA in March of 2020, has funded more than $767 million throughout 8,237 loans and has saved an estimated 120,000 American work opportunities.
Most just lately, Fountainhead was authorised to be 1 of SBA’s Favored Lenders. This coveted place in the Desired Lending Program, awarded to a small proportion of lenders, grants selected underwriting for 7(a) loans, which shaves quite a few business enterprise times off the acceptance and closing method. Fountainhead was also authorized to take part in SBA’s Specific Loan System. Both of those milestones – producing the major 100 and obtaining PLP position – have been reached in Fountainhead’s first whole governing administration fiscal calendar year delivering 7(a) loans.
“Ever given that we initial started in 2015, the group has worked unbelievably tough to aid deliver the smartest and quickest funding doable for small enterprise entrepreneurs,” reported CEO and Founder Chris Hurn. “We’ve grown the corporation to turn into the major SBA nonbank financial institution in the Southeast and the third premier SBA financial institution primarily based in Florida through several different organization initiatives, the PPP remaining the most the latest. Our growth is fascinating, but we will not stray from our mission to help little firms navigating the pandemic.”
Aside from its modern federal government honors, Fountainhead was also named to the Inc. 5000 record of America’s Swiftest Growing Businesses for the 2nd 12 months in a row, and one of Orlando Small business Journal’s 2020 Greatest Destinations to Perform for remarkable culture and money marketplace management.
Fountainhead is a nationwide, nonbank, direct business lending business that specializes in funding industrial real estate jobs and offering advancement funding for business enterprise homeowners making use of SBA 7(a), SBA 504, regular loans, and most not too long ago, Paycheck Safety Program (PPP) financial loans. The enterprise is just one of 14 nonbank lenders permitted by the U.S. Compact Enterprise Administration and the workforce has been included in financing extra than $24 billion in overall jobs more than their occupations, making them one of the most knowledgeable teams in commercial lending to house owners of modest-to-midsized corporations. For more data you should go to their internet site at FountainheadCC.com.
Media Make contact with
Uproar PR for Fountainhead