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  1. #1

    What is The State of The Industry?

    Hi, I was a lead generator sending about 20-40+ leads to the company I worked with and they handled all work with the lead to convert it into a business loan or SBA loan, sometimes LoC, averaging about $100 per lead on my end.

    In April conversions completely stopped and so far I have not heard much from my lending company about any significant improvements in the lending market. Is business lending back now that vaccines are available widely and it looks like PPP is out of money? I have heard that PPP was crowding out bigger commissions, what is the current state of the industry and can I expect to go back to work earning about the same?

  2. #2
    PPP is definitely slowing things down but hopefully is about over. Unless covid continues, it should be finished and run out. Lots of larger companies transitioned to supplying/ originating SBA loans, lots of companies stopped funding for a month or more last year. The ones that are still around either barely made it or are thriving. At least that's what I have heard.
    https://debanked.com/2021/05/how-fun...year-of-covid/
    https://debanked.com/2021/04/ppp-app...-act-proposed/

  3. #3
    Quote Originally Posted by kevobt View Post
    PPP is definitely slowing things down but hopefully is about over. Unless covid continues, it should be finished and run out. Lots of larger companies transitioned to supplying/ originating SBA loans, lots of companies stopped funding for a month or more last year. The ones that are still around either barely made it or are thriving. At least that's what I have heard.
    https://debanked.com/2021/05/how-fun...year-of-covid/
    https://debanked.com/2021/04/ppp-app...-act-proposed/
    Thanks for the detailed take on what's going on, I guess a few more months and things should be mostly back to normal

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