Co-brokers SBA loans - make up to 5 points

[Olderguy]

File from 2021??

[Olderguy]

I co-broker all my SBA deals.

I have 6+ SBA lenders I use

Some pay 2 points plus 1.75 referral fee

Some pay 2 points plus 1% referral fee

Some pay only 2 points.

Many brokers feel they need to charge a 3% PSF on all their loans, but I make it clear to them that if they do that here they can't be claim it as a SBA loan or service fee..It must be a separate function from obtaining a SBA loan as the SBA contract the client signs CLEARLY STATES "I didn't pay a separate fee to obtain this loan".

I do not take part in ANY PSF amount from any broker on any loans I do.

And I split my fees 50%....includes the SBA 2% and the referral fee paid by the lender.

So on many of my SBA loans a broker can make almost 2% plus their 3% PSF fee is they so decide to go that route. That's their choice and I stay out of that.

And the 2% SBA fee is up to $1MM....anything over $1MM, you only get .25%

And I use a Non-bank SBA lender that can collateralize personal

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