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Apr 3, 2020
5:43
:56
pm
David Lo Pan
Starter
Thanks for answering! Do the banks perceive this as a pretty good moneymaker?
These loans are no risk for them right? And that origination % is a lot higher than a typical commercial or mortgage loan, right?
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David Lo Pan
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patentattycoug
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David Lo Pan
Joined
Jul 14, 2011
Last login
Apr 28, 2024
Total posts
1,917 (6 FO)
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Messages
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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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