We are applying for a small business payroll loan right now. This will be a life

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Apr 3, 2020
3:50:33pm

CougarTailDevourer Starter

We are applying for a small business payroll loan right now. This will be a life

saver for our business and the livelihoods of our staff members. You're doing great work out there! Keep it up.

This message has been modified

Originally posted on Apr 3, 2020 at 3:50:33pm

Message modified by CougarTailDevourer on Apr 3, 2020 at 3:50:56pm

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CougarTailDevourer

Previous username: KeepItBalanced
New username: MHallDidNothingWr0ng
Bio page: CougarTailDevourer
Joined: Nov 11, 2016
Last login: Sep 13, 2023
Total posts: 0 (0 FO)

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Messages

Author

Time

I have a long history in commercial lending. Never have I ever had more attentive borrowers than I do right now.

Pimpin4Paradise Truly Addicted User

4/3/20 3:35pm

I put my commercial insurance agent at the back of my priority list

g$

4/3/20 3:40pm

We are applying for a small business payroll loan right now. This will be a life

CougarTailDevourer

4/3/20 3:50pm

My accountant mentioned 5% origination is going to the banks for the PPP. Is

David Lo Pan

4/3/20 4:15pm

Up to that amount. On larger loans it's less than that. On small loans it's 5%.

Pimpin4Paradise

4/3/20 4:49pm

Thanks for answering! Do the banks perceive this as a pretty good moneymaker?

David Lo Pan

4/3/20 5:43pm

It's a fee income play, not a loan play. We anticipate that most loans will be paid in full pretty rapidly and the low

Pimpin4Paradise

4/3/20 5:46pm

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