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Market Trends Thursday — SBA 7(a) lenders and loan brokers

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June 18, 2015

By Bob Coleman
Editor, Market Trends Thursday

Humbled by the awesome response by the industry regarding the discussion of 100% financing for SBA 7(a) CRE loans, I thought I would turn to the industry’s take on loan brokers.

Take the survey here

Overall, are you satisfied with your experience with SBA 7(a) loan brokers?

Yes
No

Our institution will accept loan referrals from loan brokers for SBA 7(a) loans

Yes
No

A broker must be vetted and place on our approved loan broker list in order for us to accept the referral

Yes
No

Do you know it is your responsibility to check SBA’s website to make sure a broker is not disbarred or suspended?

Yes
No

Estimate what percentage of your institution’s loan volumes is from loan brokers?

Less than 10%
10% to 25%
25% to 50%
Over 50%

On average, what is your loan broker referral fee?

½%
1%
1 ½ %
2%
More than 2%

Any additional comments?

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