Posts Tagged ‘banks’

A little-known aspect of the Small Business Jobs Act of 2010 is the temporary waiver on fees for some loans guaranteed by the Small Business Administration (SBA).

A little-known aspect of the Small Business Jobs Act of 2010 is the temporary waiver on fees for some loans guaranteed by the Small Business Administration (SBA). The fees, which can range from two to 3.5 percent of the loan amount, can be substantial on high-value loans. While some business borrowers may not feel the pinch, since the fees are typically rolled-into the financing of the loan and not charged upfront, the fee waivers still account for significant savings – especially if the loan value is high. For example, consider a recent article in the Burlington Free Press, highlighting a…

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