SBA changes fee structure for smaller loans

10/10/2013 | MiBiz (Michigan)

The U.S. Small Business Administration has eliminated the upfront 2% fee and the ongoing monthly service fee for loans $150,000 or less with the goal of attracting borrowers seeking smaller-sized loans, officials say. These changes are part of the agency's fiscal 2014, which started Oct. 1.

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MiBiz (Michigan)