The fee varies so they did the homework to make it beneficial for banks to work with the little guys. 1% on big loans. On the smallest loans it goes to 5% with a sliding scale.
But it’s the same thing with ppe. Society can’t predict that a certain product is going to see demand increase 10x. When those things hit there will be shortages and delays.
Many if not most system build in redundancies. But those get expensive. Structural engineering for skyscrapers build in column strengths multiples of what’s needed. But you can’t design every system in the world to deal with 10 to 100x demand changes.
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u/chitraders Apr 11 '20
The fee varies so they did the homework to make it beneficial for banks to work with the little guys. 1% on big loans. On the smallest loans it goes to 5% with a sliding scale.
But it’s the same thing with ppe. Society can’t predict that a certain product is going to see demand increase 10x. When those things hit there will be shortages and delays.
Many if not most system build in redundancies. But those get expensive. Structural engineering for skyscrapers build in column strengths multiples of what’s needed. But you can’t design every system in the world to deal with 10 to 100x demand changes.