[Olderguy]

I co-broker all my SBA deals.

I have 6+ SBA lenders I use

Some pay 2 points plus 1.75 referral fee
Some pay 2 points plus 1% referral fee
Some pay only 2 points.

Many brokers feel they need to charge a 3% PSF on all their loans, but I make it clear to them that if they do that here they can't claim it as a SBA loan or service fee..

It must be a separate function from obtaining a SBA loan as the SBA contract the client signs CLEARLY STATES "I didn't pay a separate fee to obtain this loan".

I do not take part in ANY PSF amount from any broker on any loans I do.

And I split my fees 50%....includes the SBA 2% and the referral fee paid by the lender.

So on many of my SBA loans a broker can make almost 2% plus their 3% PSF fee is they so decide to go that route. That's their choice and I stay out of that.

And the 2% SBA fee is up to $1MM....anything over $1MM, you only get .25%

And I use a Non-bank SBA lender that can collateralize personal assets, and also have SBA lenders that can do truckers and contractors.

Reach out if you have any questions.

And I have access to funding options for clients that need more than the $5M SBA 7A ceiling.

I've gotten SBA 7A loans funded through Cadence Bank in 25 days.


Bottom line - you can make almost 5 points on a SBA loan.