SBA Coronavirus Relief Loan
President Trump recently announced an unprecedented $50 billion (now raised to $367B) that will be added to the SBA lending authority in the wake of the COVID-19 pandemic. Fountainhead is one of only 14 nonbank lenders licensed to make SBA 7(a) loans, so they will be actively making COVID-19 SBA 7(a) recovery loans.
SBA 7(a) Paycheck Protection Program Loan
The following are the aspects of the Paycheck Protection Plan as we have interpreted in the CARES Act. These are subject to change upon guidance from the SBA and the U.S. government.
Who is Eligible? Each of the following as of 2/15/2020
To determine your eligibility and the requirements, please go here, for Fountainhead Commercial Capital.