Roswell, GA, February 06, 2016 --(PR.com
)-- Fountainhead Commercial Capital announced it recently financed the purchase and renovations of an office building in Roswell, Georgia for $661,000. Elgiamae Concepts, LLC, a provider of innovative online office services purchased the 5,334-SF building located at 936 Holcomb Bridge Road from Int International Inc. The owners took advantage of the low rates and favorable terms for owner-occupied commercial real estate offered by Fountainhead and the SBA 504 loan program.
Elgiamae, which operates under the Elgia, Inc. brand name, provides a number of outsourced, cloud-based services. The company's MyDailyBookkeeping.com offers outsourced bookkeeping, budgeting, and forecasting for small businesses while its FinancialCareForSeniors.com product provides daily money management for populations that need assistance with paying bills and other day-to-day financial responsibilities, including monthly reporting to family and trusted others.
Fountainhead's financing includes just over $53,000 for renovations which are expected to be completed in the next few months.
"Elgia took full advantage of the SBA 504 program by bundling in renovation costs at a low interest rate,” said Chris Hurn, founder and CEO of Fountainhead. "Buying a building can give an immediate boost to a small business's bottom line through facility expense savings, since it's often less costly to own instead of renting, but it also creates long-term wealth for business owners."
Fountainhead Commercial Capital, a nonbank lender specializing in the SBA 504 loan program, was founded by some of the most experienced and awarded SBA 504 lenders around. The company's FastTrack504™ program enables banks and credit unions to fully outsource SBA 504 loans to Fountainhead so they simplify the SBA process for their clients and deal with specialists, while earning referring lenders non-interest (premium) income. More information is available at www.Fountainhead504.com or by calling 800-770-1504.