[Yankeeman07]

I like Smartbiz for 7a deals. 2 point payout for them doing all the work isnt bad at all.

SBA 7(a) don't pay 2 points, so how can Smartbiz pay that?

[Oxforddan]

SBA 7(a) don't pay 2 points, so how can Smartbiz pay that?

Honestly I have no idea. I just know that they do SBA terms up to 350k without commercial real estate, and every time they pay me 2 points on the loan amount.

[mistamca]

SBA 7(a) don't pay 2 points, so how can Smartbiz pay that?

Express SBA pay out 2 points. I know of 2 banks that do this. Most banks will give you a volume bonus if we pretty efficient at processing applications as well

[Quick Funding Solutions]

SBA 7(a) don't pay 2 points, so how can Smartbiz pay that?

What do you mean by this? Banks make 7(a) loans and dictate rates and referral fees. There are plenty of banks that pay more than 2 points (generally dependent on the rate they charge the borrower).

[capaxess]

What do you mean by this? Banks make 7(a) loans and dictate rates and referral fees. There are plenty of banks that pay more than 2 points (generally dependent on the rate they charge the borrower).

Good stuff from the board, thanks for the info everyone!

I'm getting a lot of SBA requests from my marketing lately so it's helpful to get actionable information from folks here on DF!

MCA prospects are much fewer and further between - the stimulus took a lot of potential borrowers out of the equation and the lock downs made the rest un-lendable.