SBA Hot Topic Tuesday – 7(a) Fees Effective Fiscal Year 2023

September 6, 2022

Delaney Sexton
Contributing Editor

SBA Hot Topic Tuesday – 7(a) Fees Effective Fiscal Year 2023

Starting on October 1, 2022, the 7(a) Lender’s Annual Service Fee based on the gross loan approval amount are as follows:
• $500,000 and less: 0%
• $500,001 to $5,000,000: 0.55% of the guaranteed portion of the outstanding balance of the loan.

The Upfront Fees for loans with a maturity date that exceeds 12 months are as follows:
• $500,000 or less: 0%
• $500,001 to $700,000: 0.55% of the guaranteed portion
• $700,001 to $1,000,000: 1.05% of the guaranteed portion
• $1,000,001 to $5,000,000: 3.5% of the guaranteed portion up to $1,000,000, plus 3.75% of the guaranteed portion over $1,000,000

Loans that have a maturity of 12 months or less have the following Upfront Fees:
• $500,000 or less: 0.00%
• $500,001 and greater: 0.25% of the guaranteed portion

Upfront fees for Export Working Capital Loans:
• All EWCP loans of $500,000 or less: 0.00%
• Loans greater than $500,000 with a maturity of 12 months or less: 0.25% of the guaranteed portion
• Loans greater than $500,000 with a maturity of 13 up to 24 months: 0.525% of the guaranteed portion
• Loans greater than $500,000 with a maturity of 25 up to 36 months: 0.80% of the guaranteed portion

With proper documentation, the Upfront Fee for SBA Express Loans made to veteran-owned small businesses will be waived.

Source:
SBA 7(a) Fees FY23 Notice