Bank Going Dutch On SBA Loan Fees

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Welcome to the Self Made. This is a blog focused primarily on the self-employed and micro-business and full of fantastic posts by not only our team of experts but by YOU!  We realize that there are many ways to help the small businesses out there which is why we invite other business minded individuals to post here and help the rest of the community as well.

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]

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