[BB_Cooper]

Cooper won't be brokering, but this program and EIDL loans will keep many of your merchants afloat through the summer.

The SBA released the compensation guidelines for this PPP program yesterday. 1% is the max agents can make from the loan proceeds. West Coast and other can weigh in if they can think packaging fees can be charged on top-

[Yankeeman07]

Where did you see the 1% that agents can earn.

SBA Form 159D - I read that differently

[Wheetie]

Where did you see the 1% that agents can earn.

SBA Form 159D - I read that differently

That and how do I bring this product to my clients?

[WestCoastFunding]

Cooper won't be brokering, but this program and EIDL loans will keep many of your merchants afloat through the summer.

The SBA released the compensation guidelines for this PPP program yesterday. 1% is the max agents can make from the loan proceeds. West Coast and other can weigh in if they can think packaging fees can be charged on top-

Depends on how you plan on handling all 7(a) and EIDL programs. There are essentially 5 programs that were part of the CARES act:

-7(a) enhancements
-7(a) Express enhancements
-EIDL long term loans
-EIDL cash advance
-PPP

If you want to charge a standard fee to provide an all encompassing eval, packaging and loan placement for 7(a)s while offering "free guidance'' as a bonus to place with the PPP and EIDL, then there you have it. But you need to be full-service with all 7(a) programs to keep your ass out of trouble.

But if you think you'll have an easy time getting a referral fee from a lender to refer a PPP, good luck with that. There will be 1,000,000 PPP applications this week, and lenders don't need help getting their own submissions to them. They will be overwhelmed. No need in cutting into their own "limited" compensation by offering referrals they don't need. Hell, nearly 99% will only want to deal with their own customers because it doesn't even make economical sense for them to waste the manpower to deal with this, due to the fact they're going to have to shift a ****-ton of resources just to handle the flow of applications. Its a headache to them.

Lastly, I love how the govt says "stay inside and don't gather in crowds" while also saying "go to your local bank branch to apply". Haha, get ready for the long-lines at small banks.