Orlando, FL, February 08, 2018 --(PR.com
)-- Fountainhead Commercial Capital, a privately owned nonbank lender with a specialization in U.S. Small Business Administration (SBA) "504" loans and low loan-to-value conventional loans, finished 2017 by funding more than $93.9 million in commercial real estate transactions across the country. Fountainhead grew origination volume by more than a 36 percent, doubled its revenues, and created 396 jobs by stimulating economic development in conjunction with the SBA.
The company helped entrepreneurs and other small business owners purchase commercial properties such as hotels, restaurants, office condos and warehouses among other buildings. Dozens of business owners have stopped paying rent and began building their personal wealth due to loans provided by Fountainhead. In 2017, the company also created and launched Pronto, a new proprietary artificial intelligence software designed to generate commercial real estate loan approvals within two hours. Without it, loan approvals can typically take up to three weeks.
"We help businesses grow and business owners grow their wealth," said Chris Hurn, CEO of Fountainhead Commercial Capital. "We look forward to assisting more business owners in 2018 and continuing to work with entrepreneurs nationwide."
Since May of 2015, the company has funded more than $188 million in commercial real projects across a wide variety of industries in nearly 20 states.