SBA releases Paycheck Protection details-
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  1. #1
    Senior Member Reputation points: 84416
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    Quote Originally Posted by cmarks View Post
    what story? its the governments money who they are getting from you the taxpayer to grant to small business owners to keep businesses float so the economy doesnt hit a total depression the likes of which it will take a very long time to recover,, oh and get a small fee for doing so
    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.
    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

  2. #2
    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.

  3. #3
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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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