Heads up: SBA’s 2025 FY 7(a) and 504 loan fees are up and running on the SBA website as of July 29, 2024, and are effective October 1, 2024. Here’s SBA’s News Release, the 7(a) Fee Notice (SBA Information Notice 5000-858936), the 504 Fee Notice (SBA Information Notice 5000-859701), and the Working Capital Pilot (WCP) Fee Notice. Quick Recap:
7(a) Loans: Upfront Fees
- For 7(a) loans of $1 million with a maturity exceeding12 months: 0.00%
- For loans of $1,000,001 million to $5,000,000: 3.5% of the guaranteed portion of the loan up toand including $1 million plus 3.75% of the guaranteed portion of the loan over $1 million
7 (a) Loans: Servicing Fees
- For loans of $500,000 and less: 0.00%.
- For loans of $500,001 to $1 million: 0.17% of the guaranteed portion of the outstanding
balance of the loan - For loans of $1,000,001 million to $5,000,000: 0.55% of the guaranteed portion of the outstanding balance of the loan.
For 504 loans (other than loans made under the 504 Debt Refinance without Expansion
Program)
- The Upfront Guaranty Fee will be 0.00% (0 basis points).
- The Annual Service Fee will be 0.331% (33.1 basis points) of the outstanding balance of the
For 504 loans under the 504 Debt Refinance without Expansion Program
- The Upfront Guaranty fee will be 0.00% (0 basis points)
- The Annual Service Fee will be 0.331% plus 0.025%, for a total of 0.356% (33.1 basis
points plus 2.5 basis points for a total of 35.6 basis points) of the outstanding balance of
the loan