Calculate Payments

 

Enter your project cost to determine your estimated monthly payments.

 

 

 

Total Project Cost:
 
SBA Portion:

Net Debenture Proceeds

(Total Project Cost x SBA Portion):
0
Fees (Net Debenture):
  (x 0.0000)  
0
  (x 0.0025)  
0
  (x 0.015)  
0
Closing Costs
a. Legal Fee:    
b. Other Out of Pocket Fees:  
$0
0
Subtotal:
0
Underwriters Fee (Approximately):
0
Total:
0


Total Debenture Amount

(Rounded to the next thousand):
0
Refund to Borrower:
0
  
Monthly Payments  
   
Loan Amount:

 

 

 

Interest Rate (%):

 

March 2009 Rate: 5.604%

 
Term (Years):
 

 

Monthly Payment: 

 

0

Explanation:

Fees are a one-time expense, and are financed directly into the loan. These fees consist of:

 

The SBA Guarantee Fee paid to the SBA to offset loan losses and program administrative expenses; as of 10/1/2007 this fee has been eliminated.

 

A funding fee of .25% is collected for Development Corporations as the program's fiscal agent. This fee applies to managing the selling and funding of debentures, negotiating and managing monthly debenture processes and, also includes debenture pooling and certification costs.

 

A processing fee of 1.5% paid to Business Lending Partners for expenses related to marketing, screening, packaging, and general overhead.

 

Legal Fee of $2,500 is paid to the CDC attorney to prepare an Opinion of Counsel for the transaction. This fee covers all the legal documents to prepare the closing documents for the loan.

 

A debenture underwriting fee of approximately .4% (.375% for 10-year loans) is paid for security underwriting, marketing, the sales work done on a monthly basis, and for the legal work connected with the monthly funding.

Note:

A participation fee of .5% is applied to the participating lender involved in the program. Must be submitted in the form of a Certified Check at the time of the SBA closing.

 

Refund to borrower represents the difference between the actual debenture rounded to the nearest thousand, and the total for the debenture.

 

The maximum SBA 504 Gross Debenture amount is $4,000,000.