deBanked, "Orlando SBA lender Fountainhead funds $4 billion in PPP" Jun. 23, 2021 — volume; Hurn quote

Summary

This is a deBanked article by Kevin Travers dated June 23, 2021, headlined Orlando SBA Lender Fountainhead Funds $4 Billion+ in PPP. It reports that Fountainhead, an Orlando-based SBA lender, funded over $4.72 billion in PPP loans to SMBs in the past 15 months, including $3.95 billion so far in 2021 and a total of $760 million in 2020. The article says that, according to the SBA, the 30 member team facilitated the 12th most PPP loans in the country, and that Fountainhead estimated it preserved 430,000 American jobs. It quotes CEO and Founder Chris Hurn on the company's approach to the latest round of PPP and says Fountainhead's current objective is to process PPP loan forgiveness applications.

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Orlando SBA Lender Fountainhead Funds $4 Billion+ in PPP

June 23, 2021
| By: Kevin Travers

Fountainhead, an Orlando-based SBA lender, funded over $4.72 billion in PPP loans to SMBs in the past 15 months. According to the SBA, the 30 member team facilitated the 12th most PPP loans in the country.

So far in 2021 alone, Fountainhead funded $3.95 billion, after a total of $760 million in 2020, preserving 430,000 American jobs, they estimated.

“We did not shy away from the latest round of PPP. Before it was introduced, we were implementing new procedures and building on what we learned from the first and second rounds in order to create a more streamlined and effective system for our customers,” 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’re extremely proud to have helped so many small businesses. Our team performed admirably. I’m so very proud of them.”

Fountainhead’s current objective is to process PPP loan forgiveness applications while also refocusing on its core business of SBA 7(a) and SBA 504 loans.

Last modified: June 23, 2021

Kevin Travers was a Reporter at deBanked.

Category: PPP

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Orlando SBA Lender Fountainhead Funds $4 Billion+ in PPP

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