How much does a 504 loan cost?
When your SBA loan is funded, origination fees totaling approximately 2.65% of your net debenture amount plus an attorney closing fee of approximately $2,500 will be incurred. These fees are included in the principal amount and are financed over the term of the loan (not out-of-pocket expenses).
SBA 504 loan fees are determined by SBA regulation and are needed to cover the cost of administering the program.
Posted in: Borrower