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

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Apr 3, 2020
5:46:36pm

Pimpin4Paradise Truly Addicted User

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

interest rate is peanuts anyway.

This message has been modified

Originally posted on Apr 3, 2020 at 5:46:36pm

Message modified by Pimpin4Paradise on Apr 3, 2020 at 5:47:20pm

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Pimpin4Paradise

Previous username: ChubbyChaser
Bio page: Pimpin4Paradise
Joined: May 2, 2008
Last login: Nov 12, 2022
Total posts: 56,121 (5,737 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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