SBA Announces Reserve Fee Removal

The SBA recently announced that a reserve fee that had been associated with the program is no longer needed and has been removed viagra comprar viagra generico. The removal of this ½ point fee will save the borrowers on their permanent loan amount.

Over the past few years, this fee served to get the SBA 504 loan program back to a solid foundation and help the program become self-funding once again. Now that we have seen significant economic recovery, this fee is no longer needed.

Below is an example of a loan request that GTCC typically sees. In this example, we have eliminated the ½ point fee that was once rolled into the final loan amount. As you can see, removing this fee saves the borrower $4,510 on the permanent loan amount.

Fee Example 1

Fee Example 2