- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: SBA and PPP
Posted on 4/2/20 at 2:46 pm to Hermit Crab
Posted on 4/2/20 at 2:46 pm to Hermit Crab
The banks aren't going to make any money from the interest on these loans. however, they can charge points up front on the loans i believe it's up to 4 or 5%. that's where they will make their money. 5% of $200k is $10k for taking absolutely no risk because the loans are guaranteed by the SBA
1
Posted on 4/2/20 at 3:10 pm to Jerrysworld
5% sounds like a lot of money for no risk, but we do have overhead to pay you know. Plus there will be a lot of calories spent on doing this both on the front end and the back end with forgiveness.
The only ones that will kill it financially are the fintech guys who will have the entire program from soup to nuts automated.
The only ones that will kill it financially are the fintech guys who will have the entire program from soup to nuts automated.
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News