The U.S. Small Business Administration (SBA) announced lender fees for the fiscal year 2025 for its 7(a) and 504 loan programs. Administrator Isabel Casillas Guzman, head of the SBA and a member of President Biden’s Cabinet, stated that for the second consecutive year, the SBA will not charge upfront fees for loans of $1,000,000 or less under both programs.

Under the Biden-Harris Administration, the SBA has aimed to expand access to capital for underserved populations through small dollar loans. To promote this initiative, the agency will continue to set zero or extremely low fees for small dollar loans. Specifically, there will be no fees for loans of $500,000 or less in its flagship 7(a) program. Additionally, the 7(a) Working Capital Pilot (WCP) program will charge no upfront fees for loans of $1,000,000 or less and no annual service fee for loans of $500,000 or less.

For detailed information on FY25 fees, refer to the 7(a) Fee Notice, 504 Fee Notice, and Working Capital Pilot (WCP) Fee Notice.

Interested parties can visit SBA’s Lender Match page to connect with participating SBA lenders offering competitive rates and fees.

About the U.S. Small Business Administration:

The U.S. Small Business Administration supports American business ownership by providing resources and support necessary for entrepreneurs and small business owners to start, grow, expand their businesses or recover from declared disasters. The SBA delivers services through an extensive network of field offices and partnerships with public and private organizations. For more information, visit www.sba.gov.

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