Why am I directed to a login screen to check status? Fountainhead Commercial Loans, one of 14 nonbank SBA direct lenders, has not started processing these PPP loans as of Monday. Apply Now - HELOC. PPP loans are made by one or more approved U.S. Small Business Administration (“SBA”) lenders. We also conducted a manual search looking for your name and address in the SBA loan database but could not find a matching loan" Fountainhead and The Loan Source are each looking to buy more PPP loans. Stearns Bank. The 504 loan can include: acquisition of the commercial real estate, renovation of the commercial real estate, new construction, and/or heavy equipment. 19 talking about this. Learn More SBA 7(a) funds can be used for a variety of things — you can refinance existing debt, purchase inventory, buy out a partner, make upgrades. With Fountainhead you get: responsiveness, personalized service; and the attention to detail that you deserve. With Fountainhead you get: personalized service, responsiveness, and the attention to detail that you deserve. Apply for a Loan. Our speed, service and communication are unmatched because we remove any barriers between you and us. California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. Apply For PPP Now The Nation’s Leading Nonbank Small Business Lender. Your PPP loan portfolio may be impacted by this update. This free resource helps business owners apply for PPP loan forgiveness. Sign in; PPP loans. Our 504 loans can include: the acquisition of commercial real estate; renovation of commercial real estate; new construction; refinancing; and/or heavy equipment. number or credit score to us. It will adopt Biz2X as it’s lending and forgiveness platform to streamline its processes for handling first and second draw PPP loans. Our PPP portal is now LIVE: ppp.fountainheadcc.com Both existing AND new borrowers are welcome to apply, and that's for both the first and second draw PPP loans. I applied for a PPP loan via womply. Lendio. The second draw of PPP loans aims to give those who got a first draw loan more funding, as one round was not sustainable. 19 talking about this. 2nd Draw PPP Loan OVER $150,000 Request (Existing PPP Harvest 1st Round Borrower): SBA Application Form 2483-SD (Download) Documentation to support a 25% reduction in Annual 2020 vs. 2019 gross revenues OR a 2020 vs 2019 comparison using the 1st, 2nd, 3rd, or 4th quarterly figures from the same period the previous year The Covered Period is either (1) the 24-week (168-day) period beginning on the PPP loan disbursement date, or (2) if the borrower received its PPP loan before June 5, 2020, the borrower may elect to use an eight-week (56-day) Covered Period. Start your free application now. Stockhouse.com use cookies on this site. Fountainhead has a contact page that includes social media accounts as well, and they do provide a dedicated email for status updates posted in their FAQ’s. I actually contacted the lender (fountainhead) and finally got thru to them and they helped me get my funding! You’re not a number or credit score to us. You’re a business owner with a story and we always take the time to understand your story and provide you with the best loan solution for your precise situation. As a non-bank direct lender we specialize in helping small to midsize businesses finance their growth and create wealth through our SBA 504, SBA 7(a) and low LTV conventional loan programs. By the 26th the SBA approved my loan and customersbank sent me my documents to sign. To further understand the PPP Fast Lane process, please refer to our FAQ article on what happens next. Are you not eligible through your current bank to apply for a PPP loan? All such loans made through Lendio Partners, LLC, a wholly-owned subsidiary of Lendio, Inc. and a licensed finance lender/broker, California Financing Law … number or credit score to us. Here is my timeline for PPP draw 1: Apr-Mar so many PPP loans so much BS. Currently accepting applications for second draw borrowers only.. ACAP & The Loan Source can provide you with the funds you need to continue your business operations. Why PPP Loan Applications Are Getting Stuck And How To Keep Yours Moving. For example, if you use a disaster loan (EIDL or loan advance) to pay your business’s rent in February, you cannot also apply for a PPP loan to cover February rent. PPP Loan Changes Came Too Late for Smallest Businesses . Sign In. Mar 15, 2021. Centerstone SBA Lending: This nonbank, SBA-approved lender is accepting applications from small businesses seeking PPP loans for both first and second draw loans. FountainHead | PPP Loan Forgiveness Applications This free resource helps business owners apply for PPP loan forgiveness. If you’re a sole proprietor you can claim all the money for payroll, using form 3508S, but you have to wait 8 weeks minimum We share an entrepreneurial spirit with our clients and work closely with you to provide the necessary capital to help your business grow and prosper through our three distinct financing programs. Fountainhead SBA. It was funded within couple of days after signing promissory note. As a national, non-bank, direct commercial lender we specialize in helping small to midsize businesses finance their growth and create wealth through our SBA 504, SBA 7(a) and low LTV conventional loan programs. Fountainhead is a nationwide, non-bank commercial lender specializing in SBA 504 and SBA 7(a) loans. Our SBA 7(a) loan program is the ultimate business growth tool and offers the most flexibility in use of proceeds. We aren’t some big, faceless, slumbering bank treating you like just another number. A10 Capital. Mar 20th I was told I was been approved by the smartbiz team and it is being reviewed by the SBA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. The number is a ten-digit number with a dash before the last two numbers (e.g. You’re a business owner with a story and we always take the time to understand your story and provide you with the best loan solution for your precise situation. Customers who took a PPP loan through Kabbage can now apply for a Second Draw PPP loan from K Servicing. Please refer to your first PPP loan note for the loan number. Mar 10, 2021. If you are unsure about your PPP loan status, or if your PPP loan application has been flagged due to data anomalies, please contact your lender to get more information. We share an entrepreneurial spirit with our clients and work closely with you to provide the necessary capital to help your business grow and prosper. Non-bank commercial lender Fountainhead specializes in helping small and mid-sized businesses. Forgot your password? ALERT: There are 2 PPP loans for a total of $2.12M in our database for businesses with the name "Fountainhead Inc" in Dublin, CA. BlueVine Program not yet available. The fees and repayment terms of your outstanding loans taken before October 16, 2020, won’t change. Contact Us - Personal Lenders. Our conventional loans are ideal for purchasing, renovating and/or constructing commercial real estate or refinancing existing commercial property loans(with or without cash out) especially floating rate SBA 7(a) loans. California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. If you are unsure about your PPP loan status, or if your PPP loan application has been flagged due to data anomalies, please contact your lender to get more information. Use it to fill out a PPP forgiveness application online to send to your lender. 2nd Draw PPP Loan OVER $150,000 Request (Existing PPP Harvest 1st Round Borrower): SBA Application Form 2483-SD ; Documentation to support a 25% reduction in Annual 2020 vs. 2019 gross revenues OR a 2020 vs 2019 comparison using the 1st, 2nd, 3rd, or 4th quarterly figures from the same period the previous year; Documentation may include relevant tax forms, including annual tax forms … I signed my promnote on 4/18 & im still in lender funding, im wondering if its 10 calender or business days until its updated to borrower funded i been hearing both? You’re a person, a business owner with a story and we take the time to understand your story and provide you with the best loan option for your situation. The Pandemic Has Changed Our Banking Habits -- Now Banks Must Change Theirs. Blue acorn helps self-employed and 1099s qualify for a Forgivable PPP loan from the SBA. Cookies are used to offer you a better browsing experience and to analyze our traffic. Mar 18th finally applied with smart biz. Digital customer dashboard allowing SMBs to apply for PPP loans, as well as all other Fountainhead-offered loan products. Enterprise Partners; About Us; About PPP; FAQ; Contact Us; Login; Apply Now; Select Page. number or credit score to us. The following is a list of banks who do not require a prior banking relationship to apply for the PPP loan. Yes, you can qualify for a PPP loan even if you already have other loans, including other SBA loans. You guys got it? ***** said it takes up to 20 days for it to be provided it's been pass 20 days. This free resource helps business owners apply for PPP loan forgiveness. The SBA connects entrepreneurs with lenders and funding to help them plan, start and grow their business. The second draw of PPP loans aims to give those who got a first draw loan more funding, as one round was not sustainable. We make common sense decisions in an industry often devoid of them for fear of regulatory ramifications. The simplest way to apply for PPP Funding. By the 26th the SBA approved my loan and customersbank sent me my documents to sign. You’re a person, a business owner with a story and we take the time to understand your story and provide you with the best loan option for your situation. Our conventional loan program is the perfect alternative to traditional bank financing. We deliver the best experience in the lending industry, period. Newtek. Looks like there were some issues with your network, please try again after sometime. Small Business Relief Grants. Fountainhead SBF LLC is the lender to my First Round PPP loan. PPP loans offer up to $41,666 in disaster relief, and they are 100% forgivable. Use it to fill out a PPP forgiveness application online to send to your lender. Our SBA 504 loan program is designed to help business owners create wealth through commercial real estate ownership. Boefly. Each business that we fund has a unique story and personality, and we love playing a part in our customer’s entrepreneurial success. We're already submitting completed applications to the SBA, and we're ready to get your business the funding it needs. Here is my timeline for PPP draw 1: Apr-Mar so many PPP loans so much BS. Under the collaboration, Fountainhead will leverage Biz2Credit’s Biz2X Accelerate SBA platform to process SBA loan applications for all SBA lending programs, including during the second round of the Paycheck Protection Program (PPP). “We’d love to buy from more sellers,” he said. I've been waiting 3 weeks for my ppp loan from fountainhead. Fountainhead has a contact page that includes social media accounts as well, and they do provide a dedicated email for status updates posted in their FAQ’s. Fountainhead. Kabbage. Mar 18th finally applied with smart biz. 17 talking about this. Home Equity Loans. PPP Journey. For borrowers that received a PPP loan before June 5, 2020 and elect to use an eight-week Covered Period, this cap is $15,385. Fountainhead SBA 504 – “The Wealth Creator”, Fountainhead SBA 7(a) – “The Growth Generator”. online lenders for PPP loans. Mar 20th I was told I was been approved by the smartbiz team and it is being reviewed by the SBA. An SBA Loan Number for second-draw loans (Please refer to your first PPP loan note. Fountainhead ppp Im curious about everyones experience with fountainhead. Centerstone SBA Lending: This nonbank, SBA-approved lender is accepting applications from small businesses seeking PPP loans for both first and second draw loans. You’re not a number or credit score to us. This free resource helps business owners apply for PPP loan forgiveness. People are going to jail for making mistakes on all loans, including smaller loans. We were founded by the most well-known, awarded, and experienced team in the SBA industry, so our speed, specialization, creativity and expertise are second to none. After that week I have not been able to get into my account to check the status. We also use them to share usage information with our partners. Funding to Take Your Business to the Next Level. When I go through the email, it says "The First Draw PPP loan number you provided was incorrect and did not match any loans approved by the SBA prior to 3/1/2021. ACAP & The Loan Source can provide you with the funds you need to continue your business operations. Focusing on helping small-to-midsized businesses, Fountainhead has processed more than 10,000 PPP loans and was named to the U.S.’s top 100 list of most active SBA lenders. PPP is a shape-shifting LoanIncomeGrant. … Fountainhead SBA 504 “The Wealth Creator” Our SBA 504 loan program is designed to help your business create wealth by purchasing your commercial real estate. As a non-bank direct lender we specialize in helping small to midsize businesses finance their growth and create wealth through our SBA 504, SBA 7(a) and low LTV conventional loan programs. The maximum possible loan amount is $10 million. Fountainhead is a nationwide, non-bank commercial lender specializing in SBA 504 and SBA 7(a) loans. In 5 minutes, PPP Fast Lane will help you prepare your applications and connect you with an SBA-approved lender. Our speed, service and communication are unmatched because we remove any barriers between you and us. Hang on. ACAP can help. You’re not a number or credit score to us. We aren’t some big, faceless, slumbering bank treating you like just another number. Small Businesses Can Get Another $500,000 from the SBA. I've been waiting 3 weeks for my ppp loan from fountainhead. PPP is income. You’re a person, a business owner with a story and we take the time to understand your story and provide you with the best loan option for your situation. Kabbage Funding loans. Hopefully this answers all your questions about PPP as a sole proprietor. Our SBA 7a loan program is the ultimate business growth tool and offers the most flexibility in the use of capital. I Agree × Join today and … Our conventional loan program is the perfect alternative to traditional bank financing. number or credit score to us. Each business that we fund has a unique story and personality and we love playing a part in our customer’s entrepreneurial success. Our SBA 504 loan program is designed to help your business create wealth by purchasing your commercial real estate. If their total compensation across businesses that receive a PPP loan exceeds the cap, owners can choose how to allocate the capped amount across different businesses. Let us help you. Fountainhead is a nationwide, non-bank commercial lender specializing in SBA 504 and SBA 7(a) loans. We've helped 100,000+ customers, and have 100s of 5 star reviews. Fountainhead PPP Loans Checklist PPP Round Two For all 2nd Draw PPP Loan Requests Loan agreements will identify the issuing lender to small businesses at signing. Funding Circle. The SBA doesn’t really care about the smaller loans. 12345678-90)) Additional requirements All such loans made through Lendio Partners, LLC, a wholly-owned subsidiary of Lendio, Inc. and a licensed finance lender/broker, California Financing Law … You’ll just manage your account and repayments through the new K Servicing site. Currently accepting applications for second draw borrowers only. Mortgages. We're partnering with the best-in-class Paycheck Protection Program (PPP) loan originators and servicers. PPP loans are based on 2.5 times the business' monthly average payroll cost in 2019. Open Menu. Commercial & Small Business Loans. However, you cannot use the funds from PPP loans and other loans for duplicate use at the same time. SBA 7(a) funds can be used for a variety of things — you can refinance existing debt, purchase inventory, buy out a partner, make upgrades. Looks like there were some issues with your network, please try again after sometime. The PPP is a loan program that provides government-guaranteed, forgivable loans for qualifying small businesses to maintain their payrolls and pay other qualifying business expenses (meaning that, if you use the loan funds as directed and follow all other program requirements, you won’t need to pay the loan … That we fund has a unique story and personality and we love playing a part in our ’... 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