SBA Hot Topic Tuesday — SBA 7(a) and 504 Fees Effective October 1, 2015
September 29, 2015
SBA Hot Topic Tuesday — SBA 7(a) and 504 Fees Effective October 1, 2015
SBA 7(a) Guaranty Fees are unchanged
Loans less than $150,000 — no fee
150,001 to $700,000: 3% of the guaranteed portion
$700,001 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
SBA 7(a) Annual Servicing Fee for loans over $150,000
47.3 basis points, down from 51.9 basis points
SBA 504 Loans Guaranty Fee
ZERO! (down from 50 basis points)
SBA 504 Annual Servicing Fee
91.4 basis points, down from 93.75 basis points.