Question Title

* 1. Simplify the guarantee fee structure and stop using tiers. Option 1: charge 2% of the guaranteed amount regardless of loan size. To make up for the loss of revenue to SBA collect a higher annual fee from the lender or share in the interest collected, perhaps 1%. Consequently, raise the allowable interest spread from 2.75% to 4.00% over WSJ Prime Rate. This would also encourage more non-real estate lending. Option 2: charge 3% of the guaranteed amount regardless of loan size. Leave everything else the same.

Do you agree?

T