[Michael I]

Micah,

Have you seen the latest switch up on the Smartbiz Loans PPP Commissions? Where It caps the fees @1% instead of what they have been telling everyone for months "Loans up to $50,000 = 16.7% of Fees Paid to Lender" How do offices feel about the recent change and unclear communication?

where did you see that update? i funded over a hundred with them and did not get any update

[Jeremiah]

They emailed an update on 4/22. you can also google their terms and conditions which were just updated 4/21/21. It lays out the whole structure there