ppp and yarrow financial
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  1. #1
    Member Reputation points: 118
    Join Date
    Oct 2018
    Location
    MIAMI FLORIDA 33166
    Posts
    16

    ppp and yarrow financial

    I received an email from yarrow financial claiming they have partners funding PPP and are paying out 50 %commissions on the PPP deals has anyone here funded with them ? or is any ot other lender paying for these programs, I understand that funds for the PPP have been depleted but for the next injection of liquidity the government wants to add to the PPP, I would love to have an option to help my merchants and make some money.

    thanks in advance stay safe

  2. #2
    Senior Member Reputation points: 45092
    Join Date
    Aug 2016
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    275

    Bull****

  3. #3
    Senior Member Reputation points: 81657
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,869

    There is no money for brokers with PPP - same your time & energy.

    Look to the SBA Debt Relief - SBA 7(a) Loan Program. SBA will pay the 1st 6 months loan payments for biz owners. Merchants are going to need long-term funding to recoup and grow out of this economic abyss the Governors have imposed on businesses.
    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

  4. #4
    The current round of PPPs were paying 1 point, so if "50% commissions" is referring to that, I really don't see the incentive for brokers to work on them, beyond just advertising them to later introduce merchants to MCAs.

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