[Steven_O]

1% is for agent out of the 5%

Out of our WHOLE group here on DF... who has an agreement in place to get paid 1%?

Anyone want to clarify? I can assume if no one does - then no one is getting that 1%.

Bank contacts of mine have told me that they are not paying ANYONE out.

[Kevin Henry-Seacoast]

Out of our WHOLE group here on DF... who has an agreement in place to get paid 1%?

Anyone want to clarify? I can assume if no one does - then no one is getting that 1%.

Bank contacts of mine have told me that they are not paying ANYONE out.

Most are not. They are working directly with their clients.

[WestCoastFunding]

Out of our WHOLE group here on DF... who has an agreement in place to get paid 1%?

Anyone want to clarify? I can assume if no one does - then no one is getting that 1%.

Bank contacts of mine have told me that they are not paying ANYONE out.

I can tell you that our team has reached-out to literally hundreds of banks, credit unions and ABL lenders since this was first floated around weeks ago (I received a copy of this proposal by lobbyists before it was even made public) and zero have offered a referral fee. And it’s unanimous — all of them absolutely hate having to deal with this program. The info I get is that the only reason they’re servicing existing customers (and existing customers only) is because they don’t want the blowback/negative press. But, ****, there are big institutions that still won’t have anything to do with it. It’s just not economical vs hour of labor/resources.