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  1. #1
    Banned Reputation points: 11251
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    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?

  2. #2
    Senior Member Reputation points: 86751
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    Sadly, more and more of what happened and will happen with these PPP is coming out

    https://www.commondreams.org/news/20...small-business

  3. #3
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    Apr 2017
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    Contact US.


    E. Cepeda
    Managing Partner
    Pacific West Group
    Phone #939-491-1799
    Email: ecepeda@pacificwest.com

  4. #4
    Banned Reputation points: 11251
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    Quote Originally Posted by Creative Lender View Post
    Contact US.


    E. Cepeda
    Managing Partner
    Pacific West Group
    Phone #939-491-1799
    Email: ecepeda@pacificwest.com
    I tried looking up Pacificwest.com and there is no website. Are you a lender or a broker trying to help?

  5. #5
    Senior Member Reputation points: 81655
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    Quote Originally Posted by WCC_NYC View Post
    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?
    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-relief
    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

  6. #6
    Senior Member Reputation points: 337045
    Join Date
    Mar 2015
    Location
    Rock Ridge
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    3,453

    Quote Originally Posted by Yankeeman07 View Post
    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-relief
    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.

    KH
    Hedley Lamarr......That's Hedley

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