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What are the fees and payments involved with an SBA 504 loan?

April 26, 2017fees involved loan PAYMENTS SBA

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What are the fees and payments involved with an SBA 504 loan?

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All of the fees on the SBA 504 loan are added to the loan amount so that you can amortize their cost over the loan term. You will sign a note for the 40% of project cost plus the fees. Payments on the SBA 504 loan are made by ACH debit to the borrowers designated checking account on the first of each month after the loan closes. Payments on the 504 loan are separate from your payments on the 50% first mortgage loan.