As the year comes to a close, think about your vision for your business in 2020. If you’re looking toward a year of growth, get started now with Fountainhead and we can have you creating wealth for yourself and your business before the new year even begins.
The SBA 504 loan is made up of 2 loans that together finance up to 90% of the project costs. The first mortgage loan comes from a third party lender that covers about 50% of the project cost, and a second mortgage loan is established by Fountainhead on an interim basis and then funded by the SBA on a permanent basis. Since there are 2 loans, there are 2 types of interest rates.