Results 1 to 20 of 20
Threaded View
-
02-15-2022, 08:47 AM #2
A SBA bank will pay you 2% (up to $1M loan, and it goes down on amounts over that) on the front end and and 3/4 to 1% on the back end.
You can also have a third party fee agreement on the side (which isn't technically legal).
I would not recommend using a SBA bank and start using a non bank SBA lender.
I use the largest non bank lender in the US (capitalized at $500M) and have a direct relationship with the managing director.
(Are they just paying you a rebate? Are you charging a service fee in the submission package?)Last edited by Olderguy; 02-15-2022 at 08:53 AM.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
steveprobiz@gmail.com
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
Similar Threads
-
Reverse consolidations who is the best and who pays cm on time
By profunder in forum Merchant Cash AdvanceReplies: 11Last Post: 06-19-2022, 06:24 PM -
BCC pays up to 13% commission in Canada!
By alexandraBCC in forum Merchant Cash AdvanceReplies: 2Last Post: 02-22-2016, 01:21 PM -
Weekly Pays
By aak723 in forum Business LoansReplies: 3Last Post: 02-18-2016, 04:24 PM -
Who actually (honestly) pays the ISO the day merchant is funded?
By Moneyformerchant in forum Merchant Cash AdvanceReplies: 23Last Post: 07-08-2015, 03:30 PM -
An MCA company pays it forward
By isaacdstern in forum Everything elseReplies: 4Last Post: 01-26-2015, 04:28 PM