As a national, non-bank, direct commercial lender, we specialize in helping owners of small to midsize businesses finance their growth and create wealth through our SBA 504, SBA 7(a) and low LTV conventional loan programs.
Is fountainhead a good lender?
Most recently, Fountainhead was approved to be one of SBA's 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.Nov 23, 2020
Is fountainhead a SBA lender?
The Fountainhead Team Has Extensive SBA LOAN EXPERIENCE Our team has been involved in financing over $28 billion in total projects including SBA 7(a), SBA 504 and Low-LTV Conventional loans, across all 50 states.
What does Fountainhead PPP mean?
Paycheck Protection Program (PPP) Loans Here is what we know, so far: Small businesses with 300 or fewer employees that have sustained a 25 percent (or more) revenue loss in any quarter of 2020 are eligible to apply for a second draw PPP loan.
Is fountainhead a legit company?
Fountainhead is a nationwide, nonbank, direct commercial lending firm that specializes in funding commercial real estate projects and providing growth financing for business owners utilizing SBA 7(a), SBA 504, conventional loans, and most recently, Paycheck Protection Program (PPP) loans.Nov 23, 2020
Is Fountainhead still funding PPP?
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.Jun 16, 2021
Is fountainhead a community financial institution?
Fountainhead is a nationwide, non-bank commercial lender specializing in SBA 504 and SBA 7(a) loans.
Is fountainhead a legit lender?
Fountainhead is a nationwide direct lender specializing in SBA 504, SBA 7(a) and conventional low-LTV (<65%) loans. ... We were founded by some of the most well-known, awarded, and experienced people in the SBA industry, so our speed, service and sophistication are second to none.
Does Fountainhead still have funds?
According to the SBA, the 30 member team facilitated the 12th most PPP loans in the country. So far in 2021 alone, Fountainhead funded $3.95 billion, after a total of $760 million in 2020, preserving 430,000 American jobs, they estimated.Jun 23, 2021
How long does it take for Fountainhead to fund PPP loan?
Once approved, your loan will be closed and funded within approximately 10 business days.
Which lender is best for PPP loan?
- Best Overall: Live Oak Bank.
- Best for Quick & Easy Process: Funding Circle.
- Best for Small Loans: United Midwest Savings Bank.
- Best for Large Loans: Bank of the West.
- Best for Real Estate: Byline Bank.
- Best for an In-Person Experience: JP Morgan Chase.
- Best for Startups: Fundera.