[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.

[Olderguy]

Start with a basic loan application

Just click on this link below and complete the application:

https://app.hellosign.com/s/JljnpJWp

For each company:

1. 2022 year end P & L and balance sheet, 2023 YTD
2. 2 years business tax returns
3 2 years personal tax returns
4 Schedule of liabilities form 2202 (attached)
5 Use of funds summary - see attached
6. Fico scores
7. 6 months business bank statements
Driver's license both sides, voided check,

How many W-2 employees do you have?
Do you own or rent your primary residence
What is your monthly payment?

Use of funds:

https://drive.google.com/file/d/1EQ9...ew?usp=sharing

Schedule of Liabilities:

https://drive.google.com/file/d/1EKz...ew?usp=sharing

[brokerCompany]

Brokers hate co broker they lose that clients residuals. They would prefer to ***** their merchant out to numerous MCA guys, SBA is not even on the radar sometimes

[Olderguy]

Brokers hate co broker they lose that clients residuals. They would prefer to ***** their merchant out to numerous MCA guys, SBA is not even on the radar sometimes

That's my point exactly. Merchants should be offered the best loan products for their needs and most brokers ignore SBA loans because:

They don't pay any commission to speak of..(read first post above)
They always get denied (I get 90% of my SBA loans funded)
They require too much paperwork. (I handle it all with the lender and your client)

The secret is examing all the documents to see if they qualify. And what collateral is needed.