Most borrowers don't realize that there are
SBA loan fees associated with SBA financing for business purchases. As quoted below from the SBA website you can see the current set of "points" charged to acquire a loan. Most lenders we work with allow you to finance any "points" associated with a SBA loan.
FEES ASSOCIATED WITH SBA LOANS
To offset the costs of the SBA's loan programs to the taxpayer, the Agency charges lenders a guaranty fee and a servicing fee for each loan approved and disbursed. The amount of the fees are based on the guaranty portion of the loans. The lender may charge the upfront guaranty fee to the borrower after the lender has paid the fee to SBA and has made the first disbursement of the loan. The lender's annual service fee to SBA cannot be charged to the borrower.
For loans approved on or after December 8, 2004, the following fee structure applies:
For loans of $150,000 or less, a 2 percent guaranty fee will be charged. Lenders are again permitted to retain 25 percent of the up-front guarantee fee on loans with a gross amount of $150,000 or less.
For loans more than $150,000 but up to and including $700,000, a 3 percent guaranty fee will be charged.
For loans greater than $700,000, a 3.5 percent guaranty fee will be charged.
For loans greater than $1,000,000, an additional .25 percent guaranty fee will be charged for that portion greater than $1,000,000. The portion of $1,000,000 or less would be charged a 3.5 percent guaranty fee. The portion greater than $1,000,000 would be charged at 3.75 percent.
We will keep our readers up to speed on any changes in SBA loan fees in the future.
---------------------------------------------------------------------------
For more Information, Articles, SBA Loan Calculator, Pre-Qualification Info, and more Details on SBA Loan Financing for small & mid-sized business purchases go to: www.BizBuyFinancing.com•
Technorati •
del.icio.us •
Digg It •
Furl •
ma.gnolia •
Spurl •
Yahoo MyWeb 
Comments:
