It's Official~ SBA Fee's will be waived~

SBA has implemented the changes to the SBA 7(a) and SBA 504 loan programs!

Effective immediately, the following changes are available to Small Business Owners:

SBA 7(a) Loan:
The SBA Guarantee Fee will be WAIVED until the allocated $8.7 Billion funds are exhausted, or December 31, 2009; which ever occurs first.

The SBA will guarantee up to 90%.

SBA 504 Loan:
Two MAJOR loan fees have been waived until the allocated $8.7 Billion funds are exhausted, or December 31, 2009; which ever occurs first.
The only remaining SBA fee is nominal and can be estimated at 0.65%.

Due to the time and dollar limitations of the program changes, it is IMPORTANT that Small Business Owners call to take advantage of these fee waivers.

Additionally, it is very important that you work with an EXPERT in SBA Lending, to ensure that your approved loan is completed quickly and includes all current changes!