Results 1 to 14 of 14
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04-03-2020, 12:34 PM #1
- Join Date
- Nov 2019
- Posts
- 53
south end capital ppp loans
Any body have a contact for someone who works at southend capital?
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04-03-2020, 12:35 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,941
It is a automated system - read their web site - they do not answer the phone very often
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, 01:00 PM #3
- Join Date
- Nov 2019
- Posts
- 53
Any idea if they are paying commsions on ppp loan refferal's
Or another comanys that are ?
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04-03-2020, 01:16 PM #4
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,477
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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04-06-2020, 01:30 PM #5
- Join Date
- Nov 2019
- Posts
- 24
Yes they are paying .50% of what they make. SBA has waived all of their fees so I do not know how much fees can be charged. The scary part is most banks are not accepting outside applications, they are only sourcing the applications from their existing customers.
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04-06-2020, 01:35 PM #6
- Join Date
- Feb 2020
- Posts
- 21
In addition, the min. PPP loan amount is $100K with SouthEnd. Feel free to share if you know another lender, lending below this amount. Thanks
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04-06-2020, 02:14 PM #7
- Join Date
- Dec 2017
- Posts
- 238
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04-06-2020, 02:48 PM #8
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,941
There is a lot of misinformation regarding these programs.
I would encourage anyone interested - Read the Treasury Department Regulations and the SBA Guidelines.
To be updated - go to http://www.sba.gov/update - sign up for the newsletter and you will be notified of the SBA Webinar's -
I'm on a SBA Webinar as I'm typing this - Florida - Southeast - listen to other applicants questions - good learning tool
I've listened to 4 of these sessions, there is NOT a pot of gold for brokers in these programs.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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04-06-2020, 04:39 PM #9
- Join Date
- Oct 2019
- Posts
- 48
No more $100k required. That came down real quick, welcome
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04-06-2020, 05:14 PM #10
- Join Date
- Feb 2020
- Posts
- 21
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04-07-2020, 10:53 AM #11
- Join Date
- Aug 2017
- Posts
- 405
I've used South End in the past. Horrible communication. Took them 6 months to close a 350K SBA loan. When it finally closed, It ended up funding with Newtek.
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04-07-2020, 02:43 PM #12
- Join Date
- Oct 2019
- Posts
- 48
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04-07-2020, 08:25 PM #13
- Join Date
- Apr 2015
- Posts
- 206
what does a multi member LLC/Partnership report for average payroll, and again, how do they qualify for forgiveness?
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04-07-2020, 11:41 PM #14
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,941
http://www.sba.gov/updates
https://www.sba.gov/page/coronavirus-covid-19-small-business-guidance-loan-resourcesDave 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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