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.
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About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the Federal Government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.
