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04-29-2020, 03:03 PM #26
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- Apr 2020
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eFinancial Tree is still funding!
We have not changed when we pay commissions to our partners!
Catherine Michail
catherine@efinancialtree.com
917-297-1119
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04-29-2020, 03:05 PM #27
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- Feb 2018
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- 1,349
Under the PPP’s terms, lenders were to pay agents out of these origination fees, which range from five percent on loans up to $350,000 and three percent on loans between $350,000 and $2 million to one percent on loans between $2 million and $10 million, the suit says.
The lawsuit alleges that although banks were well aware that their customers were utilizing agents’ services in preparing PPP applications, some banks “outright refused to process” loan applications that refer to an agent. Other banks, the suit claims, have referred their customers to online application portals “intentionally designed” to prevent the customer from designating an agent.
so even though emails came out saying companies would not pay but agents sent in PPP apps to said companies, does this resolve them from paying...TBD
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04-29-2020, 03:07 PM #28
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- Apr 2020
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04-29-2020, 08:51 PM #29
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- Oct 2019
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