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03-03-2022, 07:23 PM #1
Per ISO agreement:
Schedule A
75 basis points of the funded loan amount for reach referral under this agreement based upon the fact that BizExec supplies contact information for referred party and is the primary source of the referral.
This is paid separately from the fees allowed under the SBA 7A and 504 guidelines.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.
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03-03-2022, 08:21 PM #2
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,950
75 BP is not 2%
SBA Fees are what lenders are allowed to charge and maintain:
https://www.sba.gov/partners/lenders...ction-header-9
Note 2: For example, the guaranty fee on a $100,000 loan with an 85% guaranty would be 2% of $85,000 or $1,700, of which the lender may retain $425.
SBA Fees do not factor into your commission - any Bank that I've spoken with - when they pay a referral fee - is always based upon the funded amount which
is part of the closing documents -
***Prohibited feesProcessing fees, origination fees, application fees, points, brokerage fees, bonus points, and other fees that could be charged to an SBA loan applicant are prohibited. The only time a commitment fee may be charged is for a loan made under the Export Working Capital loan programDave 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
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