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AI Powers Online Loan Applications

“We streamlined an historically time-consuming and arduous process,” says Chris Hurn, CEO of Fountainhead Commercial Capital.

Photo of Chris Hurn Chris Hurn, CEO of Fountainhead Commercial Capital

ORLANDO, FL—Fountainhead Commercial Capital has launched a new commercial real estate loan evaluation system, Pronto, that uses artificial intelligence to provide loan approvals within two hours, the company says. The company specializes in SBA 504 transactions, and Fountainhead executives expect Pronto to accelerate closing times for the entire SBA loan process, whittling a few days off the timeline.

“Today’s entrepreneur demands quick decisions, but many banks and commercial lenders are still in the stone age when it comes to approvals,” says Chris Hurn, Fountainhead’s CEO. “We streamlined an historically time-consuming and arduous process so that business owners can now make fast decisions and get back to running their companies.”

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Paul Bubny

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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