Inc. Magazine revealed that leading nonbank small business lender Fountainhead, based in Lake Mary, is No. 271 on its annual Inc. 5000 list of fastest growing private companies in America. In the company’s fourth consecutive appearance on the prestigious list, it jumped 950 places to rank No. 31 in Florida and No. 21 in financial services. The Inc. 5000 represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment – its independent businesses.
“For the fourth year in a row, we’ve ranked on this list of top companies by simply doing our best to help America’s small businesses,” said CEO and Founder Chris Hurn. “Jumping nearly a thousand places up since 2021 showcases how well we’ve managed our performance during an incredibly challenging time.”
Throughout the COVID-19 pandemic, Fountainhead came to the aid of the struggling small business community and pivoted its business model overnight to begin processing PPP applications for the Small Business Administration (SBA). Fountainhead funded 287,710 loans in under 18 months, totaling more than $4.72 billion in relief funds, earning the distinction of being the nation’s sixth-most-active PPP lender in 2021 and saving an estimated 430,000 American jobs.
Complete results of the Inc. 5000 include company profiles and an interactive database that can be sorted by industry, region, and other criteria. The top 500 companies are featured in the September issue of Inc. Magazine, which will be available on August 23rd.
“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” said Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”
Earlier this year, the local company also ranked No. 32 on the Inc. 5000 Regionals: Southeast list. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
