[fundingsmbs]

a lot of confusion about this. it will be up to each SBA approved lender what their policy will be to accept broker business. they do not have to pay or accept the business. they will make 5% on loans they service (the sba lender). they will have a ton of apps coming in direct to manage so I would not expect a smooth submission process if you do have a lender willing to pay you. $850M already was disbursed by community banks according to a recent article. bottom line, many banks dont need brokers to send them deals. they will have plenty on their own. a few lenders may be willing but don't count on that being the norm.

[WestCoastFunding]

a lot of confusion about this. it will be up to each SBA approved lender what their policy will be to accept broker business. they do not have to pay or accept the business. they will make 5% on loans they service (the sba lender). they will have a ton of apps coming in direct to manage so I would not expect a smooth submission process if you do have a lender willing to pay you. $850M already was disbursed by community banks according to a recent article. bottom line, many banks dont need brokers to send them deals. they will have plenty on their own. a few lenders may be willing but don't count on that being the norm.

There isn’t a lender that hasn’t been inundated.