In response to
"But that's backwards. If the percentage fee was higher for smaller loans they would be incentivized to do more smaller loans. -- nm"
by
pmb
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I think the assumption in the lawsuit is that the banks figured out it was a finite amount of money that would run out and that their SBA groups -- (edited)
Posted by
decline (aka Decline)
Apr 21 '20, 09:23
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couldn't process the loans quick enough and so they processed a few larger loans so they maximize their fees
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Responses:
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