August 16, 2017

By Bob Coleman
Editor, Coleman Report

Special SBA Hot Topic Wednesday Edition — 2018 7(a), 504 Fees and SBA One Training Update

SBA 7(a) and 504 Fees Effective October 1, 2017
SBA 7(a) Loans with maturity of over 12 months:
Up to $125,000 – 0%;
$125,001 – $150,000 – 2.0%; (Lender is authorized to retain 25% of the fee)
$150,001 – $700,000 – 3.0%;
Over $700,000 – 3.5%;
Additional 0.25% on SBA-guaranteed amount over $1M;

Loans with maturity of 12 months and less: 0.25%

SBA 7(a) FY 2018 Ongoing Servicing Fee:

504 CDC Fees: Upfront 0 bps Fee and Annual Guarantee Fee 64.2 bps

504 Debt Refi Fees: 0.642% plus 0.04%, for a total of .682% (64.2 basis points plus 4.0 basis points).

Read the Notice here.

SBA One Test is NOT Available for Lenders

From SBA to the Coleman Report

“We’ve gotten a few queries based on your most recent post. Unfortunately, the information below is not up-to-date. During the SBA One launch, we opened up the E-Tran test environment to lenders who were interested in performing SBA One user acceptance testing. Once SBA One was successfully launched, we stopped granting lenders test access. This occurred about two years ago. Today the test environment is being used strictly by 7(a) vendors to test their software products and by 504 vendors who are working with us on our 504 system migration project. At the end of the day we are simply unable to support vendor management, 504 migration development, and a lender test site at the same time.”