SBA Extends Fee Waivers for Veterans and Small Loans

Logo_SBAThe U.S. Small Business Administration announced that it would extend 2 important fee waivers until Sept. 30, 2015. SBA will continue to waive the 2% Borrower Fee (also called upfront guaranty fees) for loans under $150,000 and for Veterans Advantage loans from $150,000 to $350,000.

SBA is also halving the rate of the upfront guaranty fee for non-SBA Express loans of $150,000 to $5 million.

The fee waivers were originally scheduled to end Sept. 30, 2014.

Certain restrictions apply to SBA loans. If you have questions, please contact Stephanie Bitters at BusinessUS.