SBA releases Paycheck Protection details-
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  1. #11
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    Quote Originally Posted by Yankeeman07 View Post
    Murky Waters - Keep in mind the merchant is applying for a "Loan" - Let's assume for a moment you are correct,
    and you change the maximum $2500.00 fee that is allegedly allowed on the SBA Form 159D - Merchant is declined - then what?

    Also IMO - there are a few land mines in the agreement.

    https://disasterloan.sba.gov/ela/Documents/Fee_Disclosure_Form_and_Compensation_Agreement_(15 9D).aspx
    Also If your Agreement makes it clear your Fee is for Document Preparation and Filing and ETC ETC and is Paid upfront and has nothing to do with them being Approved or not. Its just like the example I used above with the Student Loan Deferment - Yea you can Apply yourself, and hopefully it works out, or you can pay our fee and let us handle it for you.

    And if your charging more than $2,500 thats ridiculous anyway
    Last edited by ryan $; 04-10-2020 at 12:08 PM.

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