Results 1 to 6 of 6
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04-22-2020, 07:56 PM #1
- Join Date
- Jan 2017
- Location
- New York, NY
- Posts
- 59
PPP partnerships
Our company has over 15 Million in PPP from our merchants that are looking to be placed through us. Is there a partner that we can place these applications and receive a split commission from the government aloud fee?
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04-22-2020, 08:04 PM #2
- Join Date
- Feb 2018
- Posts
- 1,349
Sadly, more and more of what happened and will happen with these PPP is coming out
https://www.commondreams.org/news/20...small-business
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04-23-2020, 04:45 PM #3
- Join Date
- Apr 2017
- Posts
- 190
Contact US.
E. Cepeda
Managing Partner
Pacific West Group
Phone #939-491-1799
Email: ecepeda@pacificwest.com
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04-23-2020, 05:11 PM #4
- Join Date
- Jan 2017
- Location
- New York, NY
- Posts
- 59
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04-23-2020, 06:07 PM #5
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,946
You are spinning your wheels. When the new PPP Program is replenished - those that are currently in line
with a SBA Bank or Approved SBA Lender, will receive funding.
Based upon reports, the new PPP Funding will be exhausted within days if not hours.
Research SBA Banks - this is a common on many web sites:
"For the Paycheck Protection Program, we are processing PPP loans for our current customers and are unable to accept new applications."
SBA Web Site:
https://www.sba.gov/page/coronavirus...ction-header-0
This possible could change by Monday - April 27 - Maybe sooner - watch the House Vote and POTUS Signature
***There is an opportunity to earn money with the SBA 7(a) Disaster Relief
https://www.sba.gov/funding-programs...ba-debt-reliefDave 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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04-24-2020, 06:14 AM #6
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,481
I would guess that 90% of the funding available is probably going to get allocated to applicants that submitted already and did not receive funding from the last round. I know some banks have clients that did not get allocated and they are first in line for the next round.
I wonder if postmortem if somebody will look into everyone's process to make sure applicants were treated fairly through the process. How did company "Z" jump ahead of company "F" if company "F" was ahead in line and a qualified applicant? There are VERY strict rules in banking about this and it is very easy to get sued because of it.
KHKevin 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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