Fountainhead Signs Agreement to License Biz2X SBA Platform for Paycheck Protection Program Loans and Other SBA Programs

Small Business Administration (SBA) Lender Source recently announced that they have signed a new license agreement Bix2X SBA platform for Paycheck Protection Program Loans, as well as other SBA programs. Founded in 2015, Fountainhead describes itself as a national direct lender specializing in SBA 504, SBA 7 (a) and conventional low LTV (

“We were founded by some of the best known, award winning and experienced people in the SBA industry, so our speed, service and sophistication are second to none. “

Fountainhead said the partnership will allow it to deliver a fully digital experience to its SMB clients and staff to “streamline” all aspects of its lending process, from application to close / follow-up. Features of the Biz2X-Fountainhead partnership include:

  • Digital Customer Dashboard for SMEs to apply for PPP loans, as well as all other loan products offered by Fountainhead
  • Ease of use for Fountainhead staff who process loan requests through a new staff portal available with Biz2X
  • Loan Decision Rules that incorporate the latest SBA loan policy guidelines for the Paycheck Protection Program
  • Automated KYC and compliance checks that allow the non-bank lender to verify customer-supplied applications faster and with less effort on the part of the company’s underwriting team

Speaking of collaboration, Rohit Arora, CEO of Biz2Credit and Biz2X, said:

“By adopting Biz2X Accelerate SBA, Fountainhead will have direct access to SBA’s online PPP application system using the Biz2X API, enabling the fastest loan processing and approval times that can be achieved. offered for these government guaranteed loans. Our Biz2X platform is fully automated and has state-of-the-art machine learning technology capable of reading payroll and bank statement data and helping calculate loan and remittance amounts for the borrower.

Chris Hurn, CEO and Founder of Fountainhead, continued by concluding:

“The Biz2X platform will help us increase the number of funding requests we process across all of our SBA loan programs. Biz2X will help us process loan applications quickly and securely. In particular, for the next round of PPP, we are using the platform to manage the large number of small businesses we work with to provide access to this essential funding. “

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