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This small business CARES loan program is quite the
Posted on: April 2, 2020 at 13:01:20 CT
ummmm MU
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handout to banks.
Banks will be paid by the govt processing fees of:
5% for loans up to $350,000
3% for loans between $350,000 and $2 million
1% for loans between $2 million and $10 million.
And the loans are 100% guaranteed by the taxpayers. So, what's the risk to the bank?
Banks will be paid by the govt processing fees of:
5% for loans up to $350,000
3% for loans between $350,000 and $2 million
1% for loans between $2 million and $10 million.
And the loans are 100% guaranteed by the taxpayers. So, what's the risk to the bank?
Please explain why this message is being reported.
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This small business CARES loan program is quite the - ummmm MU - 4/2 13:01:20
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