Daily News: January 30, 2015

Hurn Launches Fountainhead Commercial Capital

Small business lender Chris Hurn launched Fountainhead Commercial Capital. Hurn, who has lent nearly two billion dollars on commercial real estate through the SBA 504 loan program, opened the doors on the new business and has already started consulting with entrepreneurs about funding their businesses.

Hurn, who wrote “The Entrepreneur’s Secret to Creating Wealth How The Smartest Business Owners Build Their Fortunes,” 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.

Hurn, who co-founded pioneering SBA 504 lender Mercantile Capital in 2002, started Fountainhead as an innovative source for growth capital for small business owners. Funding through the 504 loan program enables business owners to receive long term, below market fixed interest rates at favorable terms.

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, said 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.

Fountainhead is operating from offices in Maitland, an Orlando suburb, and is currently seeking motivated and experienced small business lenders, credit analysts and other staff.

“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,” said Hurn. “We are looking for experienced professionals to join our team and build another great financing company.”