Fountainhead named one of the country’s top 15 paychecks


ORLANDO, Fla., June 16, 2021 (GLOBE NEWSWIRE) – Fountainhead, a national SBA-approved non-bank lender for small and medium-sized businesses, today announces in the past 15 months that it has funded 287,710 Paycheck Protection Program (PPP) totaling more than $ 4.72 billion in essential assistance to small businesses. In the most recent Small Business Administration (SBA) PPP report, Fountainhead was included in the list of top PPP lenders for 2021, ranking 6the most active and ranked 12e for most funding.

As the COVID-19 pandemic began in 2020, Orlando-based Fountainhead’s team of 30 employees proved their dedication to helping businesses in need, building on their usual SBA 7 (a) offerings, SBA 504, conventional low LTV loans to process hundreds of thousands of PPP applications. In 2020, Fountainhead funded 8,237 PPP loans for $ 767 million. This year, after further refining customer support logistics and accelerating fraud detection, Fountainhead dramatically increased the number of loans processed, totaling 279,473 PPP loans for $ 3.95 billion in June 2021 and preserving approximately 430,000 jobs. Americans.

“We did not hesitate to participate in the last cycle of PPP. Prior to its introduction, we were implementing new procedures and building on what we had learned from undergraduate and graduate studies to create a more streamlined and efficient system for our clients, ”said CEO and Founder Chris Hurn. “It’s no secret that the past few months have been anything but easy. While our team endured long days and nights with little time to rest, we are extremely proud to have helped so many small businesses. Our team performed admirably. I am so proud of them.

Much of this funding has gone to underserved microenterprises and independent business owners. The efficient process allowed those in need to apply for essential P3 assistance in less than five minutes and receive funding in days, not weeks. Fountainhead’s current objective is to process PPP loan cancellation requests while refocusing on its core business, SBA 7 (a) and SBA 504 loans.

For more information on Fountainhead or on how to grow your small to medium business, visit FountainheadCC.com.

About Fountainhead
Founded in 2015, Fountainhead is one of 14 US Small Business Administration (SBA) approved non-bank direct commercial lending companies specializing in financing commercial real estate projects and financing the growth of small and medium-sized businesses using SBA 7 (a), SBA 504 and conventional low LTV loans. The Non-Bank Lender is the largest SBA-approved non-bank lender in the Southeast, the largest Florida-based SBA lender, and was recently named the ninth fastest growing company in Orlando. The Fountainhead team has been instrumental in funding over $ 24 billion in total projects over the course of their career, making them one of the most experienced teams in the business of commercial lending to small and mid-size homeowners. companies.

Media contact
Ericka rivera
PR tumult for Fountainhead
[email protected]
(407) 417-3598


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