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The percentage decreases as the loans go up.

Posted on: April 20, 2020 at 08:52:22 CT

ummmm MU

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M.O.B. Votes:

Banks receive 5% for loans under $350,000 and 1% for loans above $2 million (I believe).

So, the incentive was to write a bunch of small loans...however, bank manpower wouldn't allow for this.

It was an ill-conceived program which is expected from the govt.

Please explain why this message is being reported.

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SIAP posted, Shake Shack gives back their $10 million.... - Gyro MU - 4/20 08:28:20

other large companies that don't "need" the PPP money - MrBlueSky MU - 4/20 08:41:03

There's corruption and controversy associated with giving - ummmm MU - 4/20 08:31:57

The bill allows banks to earn an administration commission.. - Gyro MU - 4/20 08:49:08

The percentage decreases as the loans go up. - ummmm MU - 4/20 08:52:22

So doing the math... - Gyro MU - 4/20 10:58:43