Results 1 to 4 of 4
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04-21-2020, 09:54 AM #1
- 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
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04-21-2020, 12:09 PM #2
- Join Date
- Aug 2016
- Posts
- 275
Bull****
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04-21-2020, 12:16 PM #3
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,946
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
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04-21-2020, 12:19 PM #4
- Join Date
- Apr 2020
- Posts
- 1
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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