What fees are associated with the 504 program?
When your loans close and your SBA 504 loan is funded, you’ll incur various fees totaling approximately 2-3% of the SBA loan amount, plus an attorney closing fee of $2,500. These fees are financed within the SBA loan proceeds, so they are not out-of-pocket expenses. BLP will collect a deposit for a portion of these fees only after approval is received from SBA. There are no application fees.