LOAN NO . 6942057108
Loan Amount Approved
Jobs Reported
Payroll Processed
Amount Forgiven
Months Term
Date Approved
Date Forgiven
Currently Approved
Fountainhead SBF LLC
LAKE MARY
FL
Corporation
N/A
Existing or more than 2 years old
621111
Unknown/NotStated
When the Paycheck Protection Program (PPP) launched to save jobs during the COVID-19 crisis, it was a beacon of hope for businesses. But with over $100 billion reportedly scammed, every big loan deserves a hard look. Enter NORTH FULTON EYE CENTER, PC, a company that snagged a $195,304.56 PPP loan. With that kind of cash, questions swirl: Did they play fair, or did they game the system? Let's break it down using the raw data and ask the tough questions.
NORTH FULTON EYE CENTER, PC, based at 2500 Hospital Blvd Ste 115, Roswell, 30076, got their loan approved for $193,100.00, with the same amount listed as the $193,100.00 and $193,100.00. The Loan Number is 6942057108, and it was greenlit on a dated . The $195,304.56 clocks in at $10,196,272.22, forgiven on June 2021
The lender? Fountainhead SBF LLC, 3216 W. Lake Mary Blvd, LAKE MARY, FL.
With $100 billion scammed in the PPP, fraud? s a real ghost in the machine. Inflating employee counts or payroll was a go-to trick. So, let's poke the data:
13 Jobs: Did they really have that many on the books, or was it a fantasy to justify $193,100.00?
Payroll Proceed: $193,100.00 sounds legit for forgiveness, but was it spent on real wages or funneled elsewhere?
Opaque Details: Unanswered demographics aren't proof of deceit, but they don't scream transparency either.
The loan's Term is 24 months, standard for early PPP, and forgiveness suggests they met job retention rules. But with so much cash at stake? meeting rules? could mean clever paperwork, not honest effort.
Fountainhead SBF LLC, a heavy hitter, handled this loan. They've got the chops for due diligence, but the PPP's chaos saw plenty of slips. Could NORTH FULTON EYE CENTER, PC have slipped a fast one past them? We'd need payroll records, employee rosters, or a peek at their operations to know for sure. Public data on a staffing agency with 450 employees should exist? if it doesn't, that's a clue.
Here's the bottom line: The numbers don't scream fraud, but they whisper questions. Did NORTH FULTON EYE CENTER, PC deserve $193100? Did 13 jobs really hang in the balance? Was $193,100.00 in payroll legit? And why? the forgiveness $195,304.56?
If you've got the inside scoop? worked there, know the business, saw the books? We want to hear from you. Drop anonymous tips. Flag this loan if it stinks. Any solid intel heads straight to federal authorities. The PPP was about saving jobs, not stuffing wallets.
Let's make sure this $193,100.00 did what it was supposed to - or call it out if it didn’t?
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About Us?
This data comes from the Small Business Administration, and includes lender-approved loans under the Paycheck Protection Program as of June 1, 2021. Other loan programs, such as Economic Injury Disaster Loans, are not included in this database. You can read more on PPP Loan Fraud at our OFFICIAL BLOG. You can also follow us on:
About Us?
This data comes from the Small Business Administration, and includes lender-approved loans under the Paycheck Protection Program as of June 1, 2021. Other loan programs, such as Economic Injury Disaster Loans, are not included in this database.
If you are a representative of this company and believe this record is in error, contact us to let us know.