Happy Holidays! On October 1st, SBA announced a decrease to one of the ongoing monthly servicing fees paid to SBA – the ongoing guarantee fee is reduced from 0.368% to 0.3205% of the outstanding balance of the loan. December is the first month rates are reported showing this reduction to the ongoing servicing fees.
For 504 Debt Refinance loans without expansion approved after October 1, 2019, the ongoing guarantee fee is reduced from 0.395% to 0.3220% of the outstanding balance of the loan.
In warm appreciation of our partnerships, the FDDC team extends Best Wishes for a very Merry Christmas and a New Year filled with Peace, Joy and Success!