Loan Processing Fee Sample Clauses

The Loan Processing Fee clause defines the requirement for the borrower to pay a specific fee to the lender or financial institution for handling and processing the loan application. This fee typically covers administrative costs such as reviewing documents, verifying information, and preparing the necessary paperwork for loan approval. By establishing the obligation to pay this fee, the clause ensures that the lender is compensated for the resources expended during the loan origination process and clarifies the borrower's financial responsibilities upfront.
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Loan Processing Fee. In accordance with SBA regulations, CDC will charge a processing fee equal to 1.5% of the net proceeds of the SBA 504 loan proceeds. Applicant agrees to pay, as a deposit, a portion of the Loan Processing Fee at the time applicant signs this agreement and a 504 Loan Application File is opened. The deposit is based on the following schedule: CDC/SBA Loan Amount: $50,000 – 250,000 $250,000 + Deposit Amount: 1% ($500 – 2,500) $2,500 If CDC or SBA declines the application, the deposit will be refunded in full within 10 business days after the decline, including any period for reconsideration. If Applicant chooses to terminate this agreement, for any reason, CDC shall deduct the reasonable and necessary costs incurred in the application and/or approval process. After deducting all hard costs incurred by the CDC, any remaining deposit balance will be refunded to the applicant within 10 business days, according to the following schedule: Pre-loan analysis, initial credit review and determination of eligibility 75% of deposit refunded Review and preparation of checklists for documentation needed to complete Application 50% of deposit refunded Completion of credit underwriting and preparation of credit memo 25% of deposit refunded Presentation of loan to Utah CDC Loan Committee 0% of deposit refunded If the Final 504 Loan Package is approved and Applicant obtains 504 Loan financing, the total 504 Loan Processing Fee will be financed with the 504 Loan Proceeds, and the deposit paid by Applicant will be refunded to Applicant upon 504 Loan funding.
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Loan Processing Fee. The Loan Processing Fee shall be a one-time charge assessed by the CDC, payable to CDC from the proceeds of the Debenture, of no more than 1.5 percent of the face amount of the Debenture, which shall be used to cover the following allowable costs: general administration and overhead expenses, contractual expenses (i.e., staff services) and expenses related to the preparation of the application. The CDC shall provide an itemized justification for the fee assessed and the fee shall be subject to review and approval by SBA.
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Loan Processing Fee. A non-refundable Loan Processing Fee in the amount of $25,000 shall be due at the time of execution of this Term Sheet.
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Loan Processing Fee. The amount of the loan processing fee is 1.5% of the loan amount and is charged to the borrower(s) at loan closing.
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Loan Processing Fee. On the Closing Date, Borrower shall pay to Lender in immediately available funds a loan processing fee in the amount of $500.00.
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Related to Loan Processing Fee

  • Processing Fee ▇▇▇▇▇▇▇▇ agrees to pay Purchaser the Processing Fee listed on the first page of this Agreement to reimburse Purchaser for expenses incurred in processing Merchant’s application, providing toll-free access to customer service representatives, filing and terminating UCC financing statement(s) against Merchant and fees that Purchaser pays any other person for referring Merchant to Purchaser and assisting with the origination of the sale of the Future Receipts. Purchaser will deduct the amount of the Processing Fee from the Purchase Price that is to be paid to Merchant.

  • Origination Fee The Borrower shall pay the Lender a fully earned and non-refundable origination fee of $50,000, due and payable upon the execution of this Agreement.

  • Processing Fees The Borrower acknowledges that processing fee as mentioned in the Schedule hereto has been paid by the Borrower.

  • Loan Fee Borrower agrees to pay Lender a single loan fee per Loan (a “Loan Fee”) equal to $0.001 per Loaned Share. The Loan Fee shall be paid by Borrower on or before the time of transfer of the Loaned Shares pursuant to Section 2(d) on a delivery-versus-payment basis through the facilities of the Clearing Organization.

  • Utilization Fee If the aggregate outstanding amount of (i) all Revolving Credit Advances hereunder and (ii) all "Revolving Credit Advances" under (and as defined in) the Three-Year Agreement exceeds thirty-three percent (33%) of the aggregate amount of (x) all Commitments hereunder and (y) all "Commitments" under (and as defined in) the Three-Year Agreement then in effect on such date (or, if any of the Commitments or "Commitments" have been terminated, the aggregate amount of all Commitments and "Commitments" in effect immediately prior to such termination), the Borrower will pay to the Agent for the ratable benefit of the Lenders a utilization fee (the "Utilization Fee") at a per annum rate equal to the Applicable Utilization Fee Rate in effect from time to time payable on the aggregate outstanding amount of all Revolving Credit Advances on such date, payable in arrears quarterly on the last day of each March, June, September and December, and on the Revolver Termination Date.