Search
  • Ami Kassar

Amisight 9/23: SBA Fees to remain at $0 for loans of $350K or less.

The SBA has announced that borrower fees on $350K or smaller loans will remain at $0 after 9/30/2021. This fee reduction represents substantial savings for borrowers.


$350K is a crucial threshold in SBA lending. The SBA is not required to be in the first lien position on all of your assets if your loan is under $350K. Additionally, if you own a personal home, the SBA is not required to take a lien on it for loans under $350K. And now, there is the additional benefit of no fees on these loans.


SBA loans of $350K or less are typically processed faster than larger SBA loans based on these simpler requirements. Therefore, borrowers should always consider the SBA instead of more expensive private lending options.

501 views0 comments