January 29, 2015
By Bob Coleman
Editor, Thursday’s Movers and Shakers
Chris Hurn Launches New SBA 504 Lending Venture — Fountainhead Commercial Capital
“Fountainhead will immediately begin filling a need in the marketplace for small business owners to finance new and existing commercial real estate including office buildings, warehouses, hotels and franchise locations,” says Hurn. “While traditional banks remain wary and on the sidelines, we have funding in place to finance entrepreneurs who want to expand, create wealth for themselves and lock-in attractive financing.”
Hurn, who literally wrote the book on SBA 504 lending, The Entrepreneur’s Secret to Creating Wealth: How The Smartest Business Owners Build Their Fortunes, an Amazon bestseller, brings more than 17 years of banking experience to Fountainhead. After a successful career with GE Capital and Heller Financial, he started MCC and grew it into a nationally recognized powerhouse in small business lending, earning numerous industry accolades as well as a listing on the prestigious INC. 500 list of America’s fastest-growing companies. Fountainhead represents a new chapter for Hurn, who returns to his roots as an independent, small business financier.
“With top Wall Street partners who not only believe in our model but also the U.S. economy and American entrepreneurs, we will do our part to bolster small business growth nationwide,” says Hurn. “We are looking for experienced professionals to join our team and build another great financing company.”
From offices in Orlando, Fountainhead Commercial Capital specializes in financing small businesses and funding commercial real estate projects for entrepreneurs. More information available at www.FountainheadCC.com or 407-466-7568.
Tammy Youst Joins Centennial Bank as SBA Department Manager
Tammy says, “Our markets are Florida, Alabama, Arkansas…and I’m looking for SBA BDO’s to cover each market. I appreciate your assistance, and support!”
Contact Tammy at TYOUST@MYBANK.COM
Debbie Godt is Promoted by Unity Bank as SBA Business Development Manager
“Debbie deserves much of the credit for the growth of our SBA portfolio so this promotion is well deserved,” says Unity Bank President & CEO James A. Hughes. “She has helped us build strong referral relationships throughout our SBA service area. We are committed to providing the communities we serve with a growing SBA program that provides our shareholders with a strong return on their investment.”
Debbie previously served as Vice President/SBA Business Development Executive and has over 25 years of banking, accounting and finance experience.
C. Han Kim Named Managing director of SBA and Commercial Lending for Guardian
“I am honored to join the rapidly expanding SBA and Commercial Lending team at Guardian” said Han, “together, we are able to bring the best possible expertise to business clients of all types and sizes.”
Han brings an extensive professional history to the firm, having worked in the financial services industry for over 24 years, including his most recent position overseeing overall bank lending and operations as Area Market Leader at Eastside Commercial Bank. Prior to Eastside, he has over 17 years of SBA experience-last as a SVP and regional manager for U.S. Bank.
Kalmamata Capital Introduces SBA Bridge Loan Program
SBA Bridge Loans Approved in as Little as 24 Hours
Kalamata Capital’s SBA Bridge Loan Program Offers Fast and Easy Interim Financing for Businesses that are Involved in the SBA Loan Application and Approval Process.
Says Steven Mandis, Chairman of Kalamata Capital,
“We Can Make Approvals for up to $750,000 in as Little as 24 Hours.
“The SBA Loan Process through Closing can Take Months.
“However, a Business may need Capital Right Away to Remove a UCC Lien,
Make a Deposit for an Acquisition or Lease,
Make Capital Improvements or Pay Fees related to the Loan Process.
“Our SBA Bridge Loan Program Provides a Solution: Short-Term Financing That is Easily Replaced with a Longer-Term SBA Loan.
“Not Contingent on SBA Deal Approval.
“Financing Will Stay in Place for the Full Term, even if SBA Deal is Not Approved.”
Upcoming Small Business Lending Conferences
2015 Southeastern Small Business Lenders Conference, February 23-25, Augusta, GA
National Alliance of Commercial Loan Brokers Annual Commercial Loan Broker Conference, March 8-10, Las Vegas, NV
Western Pennsylvania Association of Government Guaranteed Lenders, Seven Spings, March 11-13
NADCO Loan Processing Symposium, March 12-13, Sacramento, CA
NAGGL SBA Lending Technical Conference, May 5-7, San Antonio, TX
2015 Mid-America Lender’s Conference, August 31 – September 2, Dallas, TX
2015 FLAGGL Annual Conference, September 16-18, Orlando, FL