Conventional Loan
The “SBA Alternative”
Our Conventional loan program is the perfect alternative to the SBA 504 loan.
Conventional Loans
The “504 Alternative”
Our Conventional loan program is the perfect alternative to the SBA 504 loan.
What can a Fountainhead Conventional Loan be used for?
Our conventional loan program is very similar to the SBA 504 loan and is primarily used for purchasing owner occupied commercial real estate. Additionally, when our conventional loans are used for refinancing, we frequently provide cash out funds to our new clients.
Conventional Loan
Frequently Asked Questions
Who is Eligible for the Conventional Loan?
- For-profit, non-publicly traded businesses
- Tangible business net worth (including affiliates) not to exceed $15 million
- Average net income of the business not to exceed $5 million over the previous two years
- Ownership must generally be comprised of 51% U.S. citizens or Legal Permanent Residents (some exceptions apply)
Who is NOT Eligible for the Conventional Loan?
- For-profit, non-publicly traded businesses
- Tangible business net worth (including affiliates) not to exceed $15 million
- Average net income of the business not to exceed $5 million over the previous two years
- Ownership must generally be comprised of 51% U.S. citizens or Legal Permanent Residents (some exceptions apply)
What Type of Properties does Foutnainhead Finance?
- Medical offices or medical facilities (such as labs and clinics)
- Office buildings (including office condos)
- Warehouses (and other industrial properties)
- Day care facilities (for children or adults)
- Free-standing restaurants
- Limited-service, flagged hotels (some unflagged destination hotels will be considered)
- Auto repair shops
- Assisted-living facilities
- Call to ask about many other property types that are eligible
How to Apply
01- Apply
Fill out our quick application and upload some basic documents, and our Pronto software will go to work on issuing you an approval in less than 2 hrs.
02- Connect
Once you’ve received your approval, one of our Loan Specialists will reach out and walk you through next steps.
03- Fund
After everything is reviewed and approved you’ll be on your way to creating wealth and growing your business.
Loan Amounts
$200,000 – $15,000,000
Amortization
up to 30 years
Rates
4.15% – 6.5%
