# PPP loan: FOUNTAINHEAD DEVELOPMENT INC
> **$2.00M** approved 01/16/2021 · Paid in Full · Loan `1305708310`
## Borrower
- **Name:** FOUNTAINHEAD DEVELOPMENT INC
- **Address:** 1501 Queens Way, Fairbanks, AK, 99701-7456
- **NAICS:** 721110
- **Business type:** Subchapter S Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $2.00M
- **Initial approval:** $2.00M
- **Forgiven:** $2.02M (101%)
- **Forgiveness date:** 02/02/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $2.00M
- **Utilities:** $1
- **Jobs reported:** 140
## Lender
- **Originating:** Denali State Bank
- **Servicing:** Denali State Bank (AK)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*