SBA 504 Guarantee Fee Eliminated

written on September 24, 2007 by Marsha Powers

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Commencing October 1st, the up-front Small Business Administration (SBA) Guarantee fee, ranging to up to 1/2% of the loan is being eliminated.  This one-time engagement fee historically has been paid by the borrower.  Fees the particpating bank normally charges, paid on the first mortgage amount, is unchanged.