Recent Headlines
Within Commercial Lending
Paragon Small Business Capital Group Obtains Preferred Lenders Program Status
Paragon Small Business Capital Group, a division of Paragon Bank (OTCBB: PGNN.OB), today announced it received Preferred Lenders Program (PLP) status, allowing the company to approve loans guaranteed by the U.S. Small Business Administration (SBA). This program provides businesses access to loans... - March 03, 2016 - Paragon Bank
Obduro Capital Closes $920,000 Loan on North Carolina Multifamily Property
Obduro Capital Arranges Acquisition of Apartment Complex in Central North Carolina. - March 03, 2016 - Obduro Capital LLC
Rescue One Financial CEO Up for Entrepreneurship Award
Rescue One Financial CEO Bradley Smith is especially excited to attend the Orange County Business Journal’s 2016 Excellence in Entrepreneurship awards luncheon March 10. - March 02, 2016 - Rescue One Financial
Obduro Capital Closes $2,175,000 SBA 7(a) Loan on Pennsylvania Ag Production Facility
Obduro Capital Arranges $2,175,000 SBA Loan for Expansion of Greenhouse Production in Pennsylvania - February 28, 2016 - Obduro Capital LLC
Tycon Partners Announces Launch of New Website Specializing in Regulation A+, Title IV of JOBS Act
Tycon Partners, LLC is a C-level Business Advisory firm assisting businesses with pathways to general public investors through Regulation A+. - February 25, 2016 - Tycon Partners
Fountainhead Commercial Capital Expands Small Business Lending to Four New States
Company to offer SBA 504 Loans and FastTrack 504TM in Colorado, Kansas, Oklahoma and Texas. - February 25, 2016 - Fountainhead Commercial Capital
Fountainhead Commercial Capital Finances $1.44 Million New Jersey Warehouse Purchase
Online retailer MuchBuy.com purchases warehouse, office using SBA 504 loan program. - February 18, 2016 - Fountainhead Commercial Capital
Awards Presented to Bay State Cable Ties CEO & Founder Robert Sires and VP of Corporate Development Barbara Mitchell by FL Governor Rick Scott
Florida Governor Scott presented the Governor’s Business Ambassador Awards to Bay State Cable Ties CEO and Founder Robert Sires and Vice President of Corporate Development Barbara Mitchell in recognition of their commitment to creating jobs for Northwest Florida residents; Bay State Cable Ties currently has more than 100 employees in Crestview, FL, with plans to add at least 40 more and to double the company's size within 5 years. - February 12, 2016 - Bay State Cable Ties
Fountainhead Commercial Capital Finances $1.55 Million Luxury Car Dealership
Philadelphia's Feretti Motors uses SBA 504 loan program to own instead of rent. - February 12, 2016 - Fountainhead Commercial Capital
Harvey A. Schmitt Joins Paragon Bank’s Board of Directors
Former Greater Raleigh Chamber of Commerce President Joins Expanding Team of Directors for Bank. - February 06, 2016 - Paragon Bank
Fountainhead Commercial Capital Finances Office Building Purchase in Roswell, Georgia
Innovative office services company Elgia uses SBA 504 loan program to buy office space. - February 06, 2016 - Fountainhead Commercial Capital
Construction Loans Indicate Improving Economy
SBA Lender cites ongoing trend as reason for hope in 2016. - February 05, 2016 - Mercantile Capital Corporation
Rusty Page and Will Bishop Join Paragon Bank
Financial Industry Veterans Join Growing North Carolina-Based Bank - February 04, 2016 - Paragon Bank
TransMark Funding Hires Jennifer Polito as Business Director
TransMark Funding, LLC, a merchant cash advance (MCA) business leader, announced today that it has hired industry specialist, Jennifer Polito, as the company’s Director of Business Development. Polito is nationally known for her work in the credit card processing and merchant cash advance... - January 28, 2016 - TransMark Funding, LLC
Fountainhead Commercial Capital Finances Office Condo in West Palm Beach
Insurance advisory firm uses SBA 504 loan program to move from renting to owning office space. - January 28, 2016 - Fountainhead Commercial Capital
Fountainhead Commercial Capital Finances Hackensack Warehouse Purchase
Online retailer NYFASHION101 purchases warehouse using SBA 504 loan program. - January 28, 2016 - Fountainhead Commercial Capital
Business Owners Have New Options for Refinancing Commercial Real Estate
Fountainhead Commercial Capital Answers Questions about Loan Refinancing with the SBA 504 Program. - January 22, 2016 - Fountainhead Commercial Capital
Fountainhead Commercial Capital Finances Warehouse for Pompano Beach Online Retailer
Fountainhead Commercial Capital announced that RPM Motors of Space Coast Corp. purchased a 10,000-sf warehouse and office building for $800,000. The building will house the growing online retailer's inventory in Pompano Beach. - January 13, 2016 - Fountainhead Commercial Capital
Paragon Appoints Halberg as Wealth Advisor of Wealth Solutions Team
Paragon Bank (OTCBB: PGNN.OB) has announced Martin Halberg as Wealth Management Advisor of its Wealth Solutions team. Halberg reports to Mike Edwards, President and Chief Operating Officer at Paragon Bank, and Charles Yorke, President of the Paragon Small Business Capital Group, and will be based... - January 05, 2016 - Paragon Bank
Bay State Cable Ties CEO and Founder Robert Sires Endorses FL Gov. Scott's Proposal to Permanently Eliminate Sales Tax on Manufacturing Equipment
Robert Sires, owner, founder, and CEO of Bay State Cable Ties, America's leading manufacturer of nylon cable ties, located in Crestview, Florida, supports FL Governor Scott’s proposal to permanently eliminate the sales tax on manufacturing equipment. “Bay State Cable Ties located in... - December 14, 2015 - Bay State Cable Ties
Smart Business Funding Now Offers Independent Sales Organizations Daily Syndication Payouts
Smart Business Funding is ready to help independent sales organizations gain an upper edge by providing daily syndication payouts, improve ISO investment frequency, and break the payment mold in the alternative finance industry. - November 24, 2015 - Smart Business Funding
Mars National Bank Opens “Branch of the Future”
The new Richland office features state-of-the-art bank design. There is no teller line – customers are greeted and guided to a service area to meet their needs. The service area includes “pods” for transactions, meeting rooms for privacy and also self-serve convenience boxes, a new concept which lets customers access boxes with biometric security. - November 18, 2015 - Mars Bank
Mars National Bank Adds Mobile Deposit to App
Mars National Bank launched mobile deposit functionality in its myMNB Mobile banking app. The app is available for Apple and Android smartphones and tablets through the app stores. The app now includes account management, bill payment, “Popmoney” (a person-to-person direct payment... - October 31, 2015 - Mars Bank
Progress Capital Arranges $30 Million Construction Loan
128 Luxury Apartments - Limited Recourse - 80% LTC - October 30, 2015 - Progress Capital
Mercantile Capital Corporation Funds 15 Commercial Real Estate Loans in 3rd Quarter
SBA 504 loan expert closes loans worth $35.9 million. - October 29, 2015 - Mercantile Capital Corporation
Mars National Bank’s McGraw Appointed to Statewide Banking Committee
Michael W. McGraw, Senior Vice President, Information Technology of Mars National Bank was appointed to the Pennsylvania Bankers Association’s (PA Bankers’) Information Technology Committee. McGraw will serve a three-year term with the focus on technology issues facing the banking... - October 16, 2015 - Mars Bank
Obduro Capital Closes $1,575,000 Loan on Texas Multifamily Property
Obduro Capital Arranges Conventional Refinance of Apartment Complex in Central Texas - October 14, 2015 - Obduro Capital LLC
Mars National Bank Awarded 5-Star Rating by Bauer Financial
Mars National Bank earned a 5-star Superior rating from Bauer Financial, an independent bank research and rating firm. This is the second consecutive year that the Bank received the highest ranking. Bauer ranks Banks on financial strength. The 5-star “Superior” rating indicates, among... - October 14, 2015 - Mars Bank
Mars National Bank’s McGraw Completes Three-year Advanced School of Banking
Michael W. McGraw, Senior Vice President, Information Technology of Mars National Bank was a recent graduate of the 2015 Advanced School of Banking at the Penn Stater Conference Center, State College, PA. The PA Bankers Association Advanced School of Banking is a three-year program that builds and... - October 03, 2015 - Mars Bank
Paragon Appoints Senior Vice President, National Sales Director of Small Business Capital Group
Paragon Small Business Capital Group, a division of Paragon Bank (OTCBB: PGNN.OB), has appointed Doug Cullinan as Senior Vice President and National Sales Director. Cullinan reports to Charles Yorke, President of the Small Business Capital Group. "Doug's knowledge of SBA loans and his... - September 30, 2015 - Paragon Bank
Mars National Bank’s Pifer Joins PA Banker Emerging Leaders Group
Hope Pifer, Assistant Vice President, Senior Financial Analyst at Mars National Bank, joined the Emerging Leaders Peer Group of the Pennsylvania Bankers Association. The group’s purpose is to identify, equip, train and offer ongoing support to emerging leaders who aspire to greater levels of... - September 17, 2015 - Mars Bank
Meeting a Need in the Market: Robert Sires, CEO of Bay State Cable Ties, Announces New Cold-Weather Cable Ties, Effective in Sub-Zero Temps and Extended UV Exposure
Seeing a need in the market for all-weather cable ties, Bay State Cable Ties has introduced a new product, Frosty Ties, which offer superior performance in sub-zero temperatures. The BSCT team worked closely with DuPont and other suppliers, conducting research and numerous experiments, to create an all-weather plastic with added toughness and resistance to cracking in cold weather environments. Frosty Ties are effective in temperatures down to -20°c (-4°F) and have increased UV protection. - September 11, 2015 - Bay State Cable Ties
Mars National Bank Supports Clint Seymour Play Ball Fund and Joy of the Game Baseball Camp
Mars National Bank provided water bottles for the campers at the Clint Seymour Play Ball Fund “Joy of the Game” Baseball Camp. Over 100 campers enjoyed a day of baseball instruction and fun. Neil Walker, professional baseball player and a friend of Clint, was one of the coaches. - September 10, 2015 - Mars Bank
Fountainhead Commercial Capital Finances $4 Million Hotel Acquisition in Tiffin, Ohio
Fountainhead Commercial Capital announced that they financed the recent purchase of the Hampton Inn in Tiffin, Ohio by KRSNA Hospitality, LLC. - September 10, 2015 - Fountainhead Commercial Capital
MHY Pavilion Build Underway; Mars National Bank Helps Sponsor Leadership Butler County Project
Mars National Bank is one of many community businesses and organizations supporting the construction of a multi-use pavilion on the campus of MHY Family Services (formerly Mars Home for Youth). The Bank donated $5,000 to the project. As part of the 2015 Class of Leadership Butler County, Ryan... - September 05, 2015 - Mars Bank
Investor Robert Sires Announces Investment in Startup Venture Locker Room Talk®; Discusses Criteria for Investing
Investor Robert Sires announces $150,000 investment in startup web-based company Locker Room Talk, a website where college athletes and alumni can review and rate their college coaches. High school students use the info to evaluate the right program for them. Robert Sires also discusses his criteria for investments: primarily US-based companies, must have strategy for being profitable and be able to explain it quickly, and must have strong management team. - August 28, 2015 - Bay State Cable Ties
Fountainhead Commercial Capital Finances $346,000 Purchase for Miami Coach & Tours
Fountainhead Commercial Capital announced their closing of a $346,000 loan to finance the purchase of the new headquarters for Miami Coach & Tours, a growing charter bus and tour company now based in Miami Gardens. - August 22, 2015 - Fountainhead Commercial Capital
Bart Baran Joins Fountainhead Commercial Capital as Credit Analyst
Fountainhead Commercial Capital, a nationwide SBA 504 lender, announced that Bart Baran has joined the company as a credit analyst. - August 08, 2015 - Fountainhead Commercial Capital
Gales Joins Mars National Bank as Assistant Vice President, Retail Banking
Kristy A. Gales joined Mars National Bank as an Assistant Vice President, Retail Banking. She will be located in the Cranberry Branch Office at 20246 Route 19, Cranberry Township. She brings over a dozen years of retail banking experience, mainly serving customers in Butler and Allegheny... - July 21, 2015 - Mars Bank
Fountainhead Commercial Capital Closes $4.6 Million Hotel Loan in Jacksonville
Fountainhead Commercial Capital today announced it closed a hotel loan, financing the $4.6 million purchase of a 118-unit Country Inn & Suites in the Baymeadows area of Jacksonville for BDS Hotel Investments Inc. The company financed the purchase with an SBA 504 loan and plans to renovate the... - July 19, 2015 - Fountainhead Commercial Capital
Fountainhead Commercial Capital Finances $8.2 Million Hotel Purchase at University of Illinois; Comfort Suites Renovations Underway
Fountainhead Commercial Capital announced it closed a hotel loan in Illinois. Located within walking distance of the University of Illinois Urbana-Champaign campus, they financed the $8.2 million purchase of an 86-room Comfort Suites. - July 17, 2015 - Fountainhead Commercial Capital
Growing Number of Lenders Take Advantage of Secondary Market for SBA 504 Loans
Fountainhead Commercial Capital has announced that they have added close to two dozen new lenders to their FastTrack 504TM loan program. - July 04, 2015 - Fountainhead Commercial Capital
Mercantile Capital Corporation and IBERIABANK Fund $7.65 Million Expansion for Planet Bardot in Dallas, TX
SBA 504 loan is first joint project for Mercantile and IBERIABANK since merger. - June 25, 2015 - Mercantile Capital Corporation
Mars National Bank Launches myMNB Online Suite of Services
Mars National Bank launched updated online services including myMNB Online Banking, Bill Pay, Popmoney, Mobile Banking and Business Online Banking, Bill Pay and Remote Deposit Capture. Along with a new responsive website, these online tools provide a customer-centric banking experience that works seamlessly on any device – computer, tablet or smartphone. The updated services were launched June 15, 2015. - June 18, 2015 - Mars Bank
$11,000,000 - Progress Capital is Changing Neighborhoods
Progress Capital Advisors | The Funding Source was tasked with arranging an $11 Million construction to permanent loan in order to renovate a decaying Sandy damaged 52,000 SF mixed use building in Coney Island, NY. The renovation provides a clean and renewed welcoming space, improving the overall neighborhood. - June 12, 2015 - Progress Capital
Fountainhead Commercial Capital Closes Loan for Site Solutions of Central Florida
Fountainhead Commercial Capital announced its first loan closing in May, financing the purchase of a 5,000-sf building and lot for Orlando construction company Site Solutions. - June 06, 2015 - Fountainhead Commercial Capital
Obduro Capital Closes $2,965,000 SBA 7(a) Loan on Illinois Hotel
Obduro Capital Arranges $2,965,000 SBA Loan for Acquisition of Hotel Property in Calumet City, IL - May 31, 2015 - Obduro Capital LLC
Curt Roese Joins Fountainhead Commercial Capital as Chief Financial Officer
Fountainhead Commercial Capital, a nationwide SBA 504 lender focused on financing owner-occupied commercial real estate, recently announced that Curt Roese, has joined the company as CFO. - April 24, 2015 - Fountainhead Commercial Capital
Mars National Bank Supports Women in Banking
Mars National Bank was well represented at the Pennsylvania Bankers Association's Women In Banking event in March. The event was held at the Hershey Lodge and hosted over 260 women banking professionals. Representing the Bank at the conference were Lisa Kooker, Senior Vice President & Chief... - April 10, 2015 - Mars Bank
Fountainhead Commercial Capital to Enable Lender Outsourcing of SBA 504 Loans
With FastTrack 504™, banks and credit unions can easily offer a commercial financing option through outsourcing SBA 504 loans to Fountainhead Commercial Capital. - April 03, 2015 - Fountainhead Commercial Capital