ORLANDO, Fla., June 16, 2021 (GLOBE NEWSWIRE) — Fountainhead, an SBA-approved nationwide, nonbank lender for small-to-mid-sized businesses, today announces over the past 15 months it has funded 287,710 Paycheck Protection Program (PPP) loans totaling over $4.72 billion in much-needed aid for small businesses.
Likewise, can I check the status of my PPP loan?
How and where can I check my PPP loan status? … If you applied for your PPP loan via Womply, you can check loan application status at https://www.womply.com/ppp-status/. If you did not apply through Womply, you will need to contact your SBA-approved lender and request a status update.
Just so, does Fountainhead still have funds?
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.
How do I check my fountainhead loan status?
How do I know if my Fountainhead PPP application is complete? Once on the dashboard for your account, check the status in the column marked ‘status’ – if it says ‘submitted to verifier’ it has been submitted.
How do I contact Fountainhead PPP?
Additional Contact Information
- (407) 789-3903.
- (800) 770-1504.
How do I get in touch with Fountainhead?
Additional Contact Information
- (407) 789-3903.
- (800) 770-1504.
How do I pay back a PPP loan?
The website you can use to repay your EIDL loan can be found at Pay.gov. You must have your 10-digit loan number and a payment amount in order to pay it back. There is no prepayment penalty but it is possible a minimal amount of interest has accrued from the time the loan was disbursed.
How long does it take fountainhead to fund PPP loan?
Once approved, your loan will be closed and funded within approximately 10 business days.
How long does it take SBA to approve PPP loan?
The SBA’s rules say they must fund approved PPP loans within 10 calendar days from the date of approval, although if the borrower hasn’t provided correct information then it can be up to 20 days. However, if day 10 (or 20) falls on a weekend and/or bank holiday, then it’s the next business day.
Is fountainhead a community financial institution?
Fountainhead is a nationwide, non-bank commercial lender specializing in SBA 504 and SBA 7(a) loans.
Is fountainhead a good lender?
Most recently, Fountainhead was approved to be one of SBA’s Preferred Lenders. This coveted spot in the Preferred Lending Program, awarded to a small percentage of lenders, grants designated underwriting for 7(a) loans, which shaves several business days off the approval and closing process.
Is Fountainhead SBA approved?
The Fountainhead Team Has Extensive SBA LOAN EXPERIENCE
Our team has been involved in financing over $28 billion in total projects including SBA 7(a), SBA 504 and Low-LTV Conventional loans, across all 50 states.
Is Fountainhead still funding PPP loans?
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.
Is PPP still available today?
The Paycheck Protection Program is over, but there’s still aid available for small businesses. The federal government’s Paycheck Protection Program provided small-business owners with just under $800 billion in COVID-19 relief, according to the U.S. Small Business Administration.
Is SBA still processing PPP loans?
SBA still processing PPP loans with hold codes — and the funding is officially gone. The Small Business Administration’s Paycheck Protection Program has until the end of June to wrap up the forgivable-loan program — and all of the funding has been spoken for.
What is fountainhead PPP?
Paycheck Protection Program (PPP) Loans
Our team has spent significant time over the last few weeks working on this legislation and what it will mean to the small business community. … It provides full tax deductibility of business expenses on forgiven PPP loans (on both first and second draw loans).
What is the meaning Fountainhead?
1 : a spring that is the source of a stream. 2 : principal source : origin.