SBA has just announced the fee structure for SBA 504 loans for FY2020.  The big change is the annual borrower service fee that is built into the SBA 504 effective interest rate which is being REDUCED to 0.3205% (32.05 basis points) for FY2020 of the outstanding balance of the loan.  This is a reduction of 0.0475% from FY2019.  These changes are applicable on loans approved on or after October 1, 2019 through September 30, 2020.

On SBA 504 Debt Refinance loans, this same fee has been REDUCED to 0.3220% (32.20 basis points) for FY2020. This is a reduction of 0.046% from FY2019.  These changes are applicable on loans approved on or after October 1, 2019 through September 30, 2020.

Give your MBFC Loan Officer a call with any questions!