Susan Del Percio Retweeted Danny Cevallos
This explains a lot.https://twitter.com/CevallosLaw/status/1252531202990448641 …
Susan Del Percio added,
Danny CevallosVerified account @CevallosLaw
According to new lawsuits, banks earned PPP origination fees: 5% on loans up to $350k (up to $17k fee), 1% on loans up to$10M (up to $100k fee). That seems like a powerful incentive for bank to prioritize the the larger loans over the smaller loans, according to the complaints.
3:16 AM - 21 Apr 2020
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4 retweets
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