Chris Hurn, founder of Fountainhead Commercial Capital, shares his experiences as one of the most active PPP lenders during the COVID-19 crisis. In this candid interview with Paul Giannamore, Chris reveals the challenges of working with government agencies, fighting fraud, and creating money “out of thin air” to save America’s small businesses.
Key Takeaways:
Fountainhead became the 6th most active PPP lender, processing nearly 300,000 loans worth $5 billion
Chris lobbied for non-depository lenders to access Federal Reserve funding for PPP loans
Lenders had to create their own fraud detection methods without official guidance