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 assets, and also have SBA lenders that can do truckers and contractors.
Reach out if you have any questions.
And I have access to funding options for clients that need more than the $5M SBA 7A ceiling.
I've gotten SBA 7A loans funded through Cadence Bank in 25 days.
Bottom line - you can make almost 5 points on a SBA loan.