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04-03-2020, 01:51 PM #1
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,976
Chris - where in the heck are you getting this 5% Fee?
Do yourself a favor and go to the SBA Web Site and read & comprehend the information provided.
PPP - "This loan has a maturity of 2 years and an interest rate of 1%."
Dave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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04-03-2020, 01:55 PM #2
maybe if you can read, what you are talking about is payable to the agent from the Lenders, the LENDERS/BANKS get paid by the Govt 5% up to 350k
"How will lenders be compensated? Processing fees will be based on the balance of the financing outstanding at the time of final disbursement:
Loans $350,000 and under: 5.00%
Loans greater than $350,000 to $2 million: 3.00%
Loans greater than $2 million: 1.00%
Lenders may not collect any fees from the applicant."
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