Terms of loans from ILP Intermediaries to Eligible Small Business Concerns.

CFR · 2024-01-01 · US · Title 13

(a) (b) (c) (d) (e) (1) Necessary out-of-pocket expenses, such as filing or recording fees; (2) The reasonable direct costs of any liquidation; (3) A late payment fee not to exceed 5 percent of the scheduled loan payment; and (4) Reasonable application and origination fees, subject to a maximum total fee cap of 1 percent of the amount of the loan to the Eligible Small Business Concern. SBA may adjust the maximum total fee cap from time to time; SBA will publish any such change by Notice in the

official document · source cfr-2024 · id 13:§ 109.420