SBA releases Paycheck Protection details-
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  1. #1
    Banned Reputation points: 7556 cmarks's Avatar
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    Quote Originally Posted by Yankeeman07 View Post
    Chris - you seem to think this is a good situation for brokers. I disagree and so do a few others on this forum.
    Come back to us in 2 weeks and inform us of your experience.

    For myself, I will stay with the SBA 7(a) - with lower interest rates, there is an opportunity for business
    owners to purchase or possible refinance their commercial property.

    The landscape has changed and will remain changed for quite some time at least regarding the MCA Industry.
    i dont think its a Good situation, i think its deals to do, minimal work and helping create and build relationships with many.

    by the way lots of banks have stopped processing regular 7a loans so good luck with that, since they can also get a deferment on their current SBA loans.

  2. #2
    Senior Member Reputation points: 503040
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    Quote Originally Posted by cmarks View Post
    i dont think its a Good situation, i think its deals to do, minimal work and helping create and build relationships with many.

    by the way lots of banks have stopped processing regular 7a loans so good luck with that, since they can also get a deferment on their current SBA loans.
    What banks have stopped processing 7(a)s? Name them.

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