Interesting. The fee schedule is 5% up to 350k. 3% 350k to 2mill and 1% 2mill+. If you have certain cap In Amount of funding you can write why not write a bunch of small loans and get the 5% fee. Keep it simple. You can write 100mill if loans total. Why write 50 2mill loans
-
-
-
And get 1mil in fee revenue or choose to write 286 loans under 350k each and get 5 mil in fee revenue. Seems the anti banker crowd is at it again.
- 2 more replies
New conversation -
-
-
wouldn't it have made more sense for them to processes smaller loans first, so they would get a larger number of applications processed? Are the fees based on loan amount, or is it a fixed fee per loan?
-
Based on loan amount
End of conversation
New conversation -
-
-
You can't blame the person processing the loans. The system is set up that way. That loan processor has a family to. It should be a flat fee regardless of the amount then the processor would not care who goes first.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Precisely what small business expects from the big Banks.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Ridiculous and shameful
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Shocker....not. It is all about their bottom line says this 20 year former bank employee.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
some of the “larger small businesses” aren’t small businesses. There are flaws in the design of the PPP.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
This is exactly why Jesus drove the money-changers out of the temple. We can't expect God to do all the work.pic.twitter.com/kwRnDckYKh
This media may contain sensitive material. Learn more
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.