Charge for Services. If successful in obtaining financing, there are certain fees which the Borrower agrees to pay. These fees are added to the SBA 504 loan amount requested, and payable from the gross debenture proceeds. These fees, which total approximately 2.65% plus closing costs, are required of all 504 applications and are calculated by the SBA and NWBDA. The fees are specifically calculated as follows:
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Sources: Loan Application Assistance Agreement, Loan Application Assistance Agreement, Loan Application Assistance Agreement
Charge for Services. If successful in obtaining financing, there are certain fees which the Borrower agrees to pay. These fees are added to the SBA 504 loan amount requested, and payable from the gross debenture proceeds. These fees, which total approximately 2.652.15% plus closing costs, are required of all 504 applications and are calculated by the SBA and NWBDA. The fees are specifically calculated as follows:
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