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Fee Disclosure and Compensation Agreement For use with 7(a) and 504 Loan ProgramsOMB Control No. 32450201 Expiration Date: 08/31/2021Purpose of this form: The purpose of this form is to identify Agents.

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Instead of raising taxes to cover the costs, the SBA charges lenders who, in turn, charge borrowers to pass the burden on to the small businesses getting the benefit. In the end, small business owners pay the SBA guaranty fees.

Closing Documents Borrowers Certification – (can be lenders or from SBA Authorization Boilerplate Appendix D) SBA Form 1050: Settlement Sheet (Use of Proceeds Certification) SBA Form 147: Note - 7(a) Loans. SBA Form 148: Unconditional Guarantee (if necessary) SBA Form 155: Standby Creditor's Agreement (if necessary)

SBA Express This term loan or line of credit offers fixed or variable SBA loan rates as well as the easiest SBA application process, quick approval times, flexible terms, and lower down payment requirements than conventional loans.

Your Loan Will Go Into Default If you stop paying on your loan, it will go into default. The amount of time you have to pay before defaulting depends on the terms of your SBA loan contract. Though, in general, you will have between 90–120 days to resume payments.

Understanding SBA 7(a) Loan Fees Borrowers must pay a "guaranty fee" within 90 days of approval of an SBA loan. This fee is waived for qualified applicants in the Veterans Advantage program who obtain financing under $350,000. For all other borrowers, the guaranty fee corresponds to the amount of the loan.

SBA guarantee fees are calculated based on the guaranteed amount of the loan as opposed to the total loan amount. For example, if the SBA guarantees 75% of a $600,000 loan, it will cover a maximum of $450,000 if the borrower defaults.

Purpose of this form: The purpose of this form is to identify Agents and the fees and/or compensation paid to Agents by or on behalf of a small business applicant (“Applicant”) for the purpose of obtaining or expediting an application for a loan guaranteed by the U.S. Small Business Administration (SBA).

0.50 percent for loans of more than $350,000 and less than $2 million; and. 0.25 percent for loans of at least $2 million.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232