Fountainhead Commercial Capital Closes Loan for Site Solutions of Central Florida;
Woman-Owned Construction Company Purchases Orlando Building for $515,000
Fountainhead Commercial Capital closed its first loan earlier this month, financing the purchase of a 5,000-sf building and lot for Orlando construction company Site Solutions of Central Florida. The woman-owned company took advantage of low interest rates and favorable terms offered by Fountainhead and the SBA 504 Loan program, which provides financing for the purchase of fixed assets, such as real estate, buildings and machinery.
“Though we operate nationwide, we are proud that our first loan closing involved a fine company with headquarters in our backyard,” said Fountainhead CEO Chris Hurn. “The owners of Site Solutions are realizing part of the American Dream by owning their own location and building wealth with the help of Fountainhead and the SBA.”
Site Solutions is a site development company that specializes in providing site work, D.O.T. certified curb work, sidewalks, parking lots, walkways, concrete slabs and wall systems. Daughter/mother owners Tina Sopp and Judith Dollins operate as a State of Florida Certified Minority Business Enterprise. Purchasing the building they previously leased at 7316 Edgewater Drive gives them room for expansion and future growth.
“We quickly and easily turned an expense into an asset which will help our business grow and prosper for many years to come,” said Site Solutions President Tina Sopp. “The loan program was an ideal fit for our needs and the Fountainhead team made the financing and closing process run smoothly.”
Fountainhead Commercial Capital, a nonbank lender specializing in the SBA 504 loan program, was founded by some of the most experienced and awarded SBA 504 lenders around. The company’s FastTrack 504™ program enables banks and credit unions to fully outsource SBA 504 loans for owner-occupied real estate.