Sba Agent Agreement

In cases where one or two agents charge an applicant a fee in excess of that set out in this Part, the agent(s) shall reduce the fee and reimburse the applicant for any amount in excess of the fee authorized by the SBA. SBA believes that the following amounts are reasonable for the total compensation that may be charged to an applicant by one or more agents: (1) For loans up to and including USD 500,000: maximum 3.5 per cent of the loan amount or USD 10,000, whichever is lower;. . .