NASE Blogs

Bank Going Dutch On SBA Loan Fees

Aug 18, 2010
Posted by Molly Nelson - If you're near a City National Bank branch, you may want to head in for a chat about starting the SBA Loan process. According to smallbuzinessnewz, City National has announced that it will pay half of the standard loan guarantee fees up to $3,000 for SBA 504, 7(a) and SBAExpress loans to help encourage small business lending.

Standard loan fees typically range from 2 percent to 3.75 percent of the guaranteed portion of the loan. Hopefully City National's offer will spur other banks to do the same!


[Bank Offers To Pay SBA Loan Fees]