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

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Apr 3, 2020
4:15:05pm

David Lo Pan Starter

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

that accurate?

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David Lo Pan

Previous username: patentattycoug
Bio page: David Lo Pan
Joined: Jul 14, 2011
Last login: Apr 28, 2024
Total posts: 1,917 (6 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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