For the 3rd time, Fountainhead appears on the Inc.
NEW YORK, August 17, 2021 (GLOBE NEWSWIRE) – Inc. magazine today revealed that Fountainhead is # 1221 on its annual Inc. 5000 list, the country’s most prestigious ranking of fastest growing private companies. The list represents a unique look at the most successful companies in the most dynamic segment of the US economy: its small independent businesses. Intuit, Zappos, Under Armor, Microsoft, Patagonia and many other well-known names got their first national exposure as winners on the Inc. 5000.
“It’s an honor to be among some of the country’s fastest growing companies for the third year in a row,” said Chris Hurn, CEO and Founder of Fountainhead. “In addition to continued excellence, our team works tirelessly to provide resources, like Paycheck Protection Program (P3) loans, to businesses that needed financial assistance during the most difficult times. . “
Not only have the 2021 Inc. 5000 companies been very competitive in their markets, but this year’s list has also proven to be particularly resilient and flexible given the unprecedented challenges of 2020. Among the 5,000, the growth rate three-year median climbed to 543% and median revenue reached $ 11.1 million. Together, these companies have created more than 610,000 jobs over the past three years.
The full results of Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region and other criteria, are available at www.inc.com/inc5000. The 500 largest companies are featured in the September issue of Inc., which will be available on newsstands on August 20.
“The 2021 Inc. 5000 list appears to be one of the most important business lists ever compiled,” says Scott Omelianuk, Editor-in-Chief of Inc. success. Building one in the crisis we have been through is just amazing. That kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a lot of people. “
Founded in February 2015 and headquartered in Orlando, Fla., Fountainhead is one of 14 SBA-approved, nationwide, non-bank direct commercial lending companies specializing in commercial real estate project finance and commercial real estate financing. the growth of small and medium enterprises using SBA 7 (a), SBA 504, conventional low LTV loans – and more recently PPP loans. Fountainhead was named to the Nation’s Top 100 Most Active SBA Lenders in its first full year of operations and achieved the coveted SBA ‘Preferred Lending Partner’ designation in 2019. At the start of the year COVID-19 pandemic in 2020, Fountainhead’s leadership team leveraged its expertise in SBA loans to help the struggling small business community and pivoted its business model overnight to get started to process PPP requests for the SBA. Hurn and his team of 35 employees funded 8,237 loans in 2020 and 279,473 loans in 2021, totaling over $ 4.72 billion in relief funds and earned the distinction of being the sixth largest PPP lender in the world. most active in the country in 2021. In fact, of all PPP loans made in their home state in 2021, Fountainhead achieved 6.67%, 40,093 for $ 487.61 million, plus another 347 for 44, $ 82 million in 2020, probably more than any other lender in the state. In addition, Fountainhead’s funding saved an estimated 430,000 American jobs nationwide in 2021 alone.
PR tumult for Fountainhead
More about Inc. and the Inc. 5000
Companies in the 2021 Inc. 5000 ranking are ranked according to the percentage of revenue growth from 2017 to 2020. To be eligible, companies must have been founded and generate income no later than March 31, 2017. They must be based in United States, private, for-profit, and independent – not subsidiaries or divisions of other companies – as of December 31, 2020. (Since then, some on the list may have gone public or acquired.) Minimum income requirement for 2017 is $ 100,000; the minimum for 2020 is $ 2 million. As always, Inc. reserves the right to refuse applicants for subjective reasons. The growth rates used to determine the ranking of businesses were calculated to three decimal places. There was a tie on the Inc. 5000 of this year. Companies on the Inc. 500 are presented in Inc.the September issue. They represent the upper level of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Inc. Media
The world’s most trusted business media brand, Inc. gives entrepreneurs the knowledge, tools, connections and community to build great businesses. Its award-winning cross-platform content reaches over 50 million people each month through a variety of channels including websites, newsletters, social media, podcasts and print. Its prestigious Inc. 5000 list, produced annually since 1982, analyzes company data to recognize the fastest growing private companies in the United States. The global recognition that comes with inclusion in the 5000 gives founders of top companies the opportunity to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly regarded portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Vision conference, visit http://conference.inc.com/.