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  1. #1
    Senior Member Reputation points: 72961 Olderguy's Avatar
    Join Date
    Sep 2021
    Location
    Irvine, CA
    Posts
    2,270

    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.

  2. #2
    Senior Member Reputation points: 84416
    Join Date
    Mar 2014
    Location
    Florida
    Posts
    2,947

    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 program
    Dave 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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