Fees that Lender pays SBA.

CFR · 2024-01-01 · US · Title 13

A Lender must pay a guaranty fee to SBA for each loan it makes. If the guarantee fee is not paid, SBA may terminate the guarantee. Acceptance of the guaranty fee by SBA does not waive any right of SBA arising from a Lender's negligence, misconduct or violation of any provision of these regulations or the guaranty agreement or other loan documents. (a) (i) Not more than 2 percent of the guaranteed portion of a loan if the total amount of the loan is not more than $150,000; (ii) Not more than 3 percent of the guaranteed portion of a loan if the total amount of the loan is more than $150,000 but not more than $700,000; (iii) Except as provided in paragraph (a)(1)(iv) of this section, not more than 3.5 percent of the guaranteed portion of a loan if the total amount of the loan is more than $700,000; and (iv) An additional 0.25 percent of the guaranteed portion of a loan if the total amount of the loan is more than $1,000,000. (2) (i) 1 percent of the guaranteed portion of the loan if the total loan amount is not more than $150,000, (ii) 2.5 percent of the guaranteed portion of a loan if the total loan amount is more than $150,000, but not more than $700,000, and (iii) 3.5 percent of the guaranteed portion if the total loan amount is more than $700,000. (3) (b) (c) (d) (e) If the guarantee fee is not paid, SBA may terminate the guarantee. The Borrower may use working capital loan proceeds to reimburse the Lender for the guarantee fee. Acceptance of the guarantee fee by SBA shall n

official document · source cfr-2024 · id 13:§ 120.220