SBA West Texas District Office reposted this
Breaking news. SBA Administrator Guzman announced fees for FY 2025 on SBA loans. Good news for small businesses and lenders. No annual lender fee on 7a loans under $500K and reduced fees for $500K to $1 million @ just .17% of the guaranteed portion. On loans over $1million, the SBA ongoing fee is .55% of the guaranteed portion. But the big news is: For the second year in a row, SBA will not be charging small businesses an upfront guarantee fee for loans of $1 million or less. Also, no upfront guarantee fee on 504 loans. This goes into effect 10/1/24 - 9/30/25. www.sba.gov/ma