FOUNTAINHEAD SBF
PPP Lender · 272,227 loans · $4.13B total · 53 states served
FOUNTAINHEAD SBF was one of the thousands of SBA-approved lenders that participated in the Paycheck Protection Program. During the program period (April 2020 – May 2021), the lender originated 272,227 PPP loans totaling $4.13B, representing approximately 2.37% of all loans nationwide.
FOUNTAINHEAD SBF served borrowers across 53 states. The largest concentration of activity was in Texas, where the lender originated 41,687 loans totaling $563.7M. Other states with significant activity included Florida, Georgia, California.
The average loan size for this lender was $15,160. This figure reflects the mix of borrower types — large companies, small businesses, sole proprietors, and non-profits — that applied through this institution. Lenders were responsible for collecting and verifying borrower certifications and submitting loan applications to the SBA's E-Tran system.
Among the largest named borrowers that received loans through FOUNTAINHEAD SBF were: MAGNIFICO INC. (NY) — $7,210,000; EL CAMINO REAL ALLIANCE (CA) — $3,815,700; ARGO SYSTEMS, LLC (MD) — $3,043,972; and CEDAR HAVEN ACQUISITION, LLC (PA) — $3,000,000.
PPP lenders were compensated through processing fees paid by the SBA rather than by borrowers. Fees ranged from 1% to 5% of the loan amount depending on loan size. Lenders were not required to take credit risk — the SBA provided a 100% guaranty on each loan. This structure incentivized broad participation but also contributed to documented cases of lender fraud and over-processing of applications.
Borrower names for loans under $150,000 are withheld under FOIA Exemption 6. As a result, the named recipients shown below represent only a fraction of this lender's total portfolio. The full loan count and amount figures include all loans in the SBA's data regardless of disclosure status.
Activity by State
| State | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| Texas | 41,687 | $563.7M | 88.9% |
| Florida | 38,715 | $504.2M | 87.7% |
| Georgia | 29,425 | $453.7M | 85.5% |
| California | 22,737 | $411.5M | 87.5% |
| New York | 14,056 | $247.4M | 87.4% |
| Illinois | 13,406 | $235.5M | 79.7% |
| Ohio | 7,943 | $125.7M | 82.2% |
| Pennsylvania | 7,639 | $121.4M | 83.7% |
| Michigan | 7,347 | $120.0M | 77.8% |
| New Jersey | 7,245 | $109.3M | 87.0% |
| Tennessee | 6,493 | $86.5M | 87.0% |
| Virginia | 5,950 | $80.7M | 88.4% |
| Mississippi | 5,283 | $76.2M | 86.5% |
| Alabama | 5,054 | $75.0M | 84.5% |
| Louisiana | 5,026 | $71.3M | 84.6% |
| South Carolina | 4,975 | $79.5M | 85.2% |
| Maryland | 4,517 | $75.1M | 87.0% |
| North Carolina | 4,160 | $65.2M | 84.9% |
| Arizona | 3,807 | $63.1M | 83.2% |
| Nevada | 3,781 | $63.5M | 86.3% |
| Washington | 3,608 | $55.2M | 91.0% |
| Massachusetts | 3,092 | $45.5M | 86.8% |
| Indiana | 3,075 | $51.7M | 81.0% |
| Wisconsin | 2,874 | $43.6M | 78.8% |
| Missouri | 2,819 | $43.0M | 79.2% |
| Connecticut | 1,865 | $29.4M | 85.9% |
| Minnesota | 1,849 | $27.7M | 86.5% |
| Arkansas | 1,808 | $23.6M | 77.8% |
| Colorado | 1,503 | $26.0M | 89.8% |
| Oregon | 1,234 | $20.5M | 87.6% |
| Kentucky | 1,158 | $13.3M | 84.8% |
| Oklahoma | 1,146 | $15.0M | 84.1% |
| District of Columbia | 816 | $13.2M | 85.0% |
| Utah | 808 | $11.8M | 89.7% |
| Rhode Island | 804 | $10.9M | 75.6% |
| Delaware | 745 | $11.6M | 79.2% |
| Iowa | 468 | $7.2M | 76.7% |
| West Virginia | 432 | $5.8M | 85.0% |
| Kansas | 418 | $6.3M | 67.0% |
| Nebraska | 362 | $4.1M | 85.6% |
| New Mexico | 359 | $5.3M | 85.8% |
| New Hampshire | 294 | $3.9M | 89.5% |
| Hawaii | 275 | $4.3M | 83.3% |
| North Dakota | 179 | $3.0M | 83.8% |
| South Dakota | 169 | $2.4M | 79.9% |
| Maine | 155 | $1.6M | 87.7% |
| Montana | 146 | $2.1M | 87.0% |
| Wyoming | 135 | $2.5M | 78.5% |
| Idaho | 129 | $1.8M | 84.5% |
| Alaska | 128 | $2.7M | 78.9% |
| Vermont | 80 | $1.8M | 77.5% |
| U.S. Virgin Islands | 24 | $1.2M | 87.5% |
| Puerto Rico | 24 | $702,893 | 79.2% |