SBA Upfront Fees drop 0.5%

Beginning October 1st, the SBA has lowered the upfront fees for 504 loans, saving borrowers money. For example, before the reduction a 504 loan with a total project cost of $1,000,000 would pay $17,000 in fees.  Now, that is reduced to $15,000 making it a great time to get a 504 loan.

Before

 

After