SBA has issued Information Notice 5000-865758, Revising 7(a) Fees (including the 7(a) WCP Pilot) for Fiscal Year 2025 (effective March 24, 2025). The notice announces revisions to both the 7(a) Lender’s Annual Service Fee which must be paid solely by the lender and the SBA Guaranty Fee which may be passed on to borrowers.
SBA has described the fee revisions as being necessary to “protect the zero-subsidy status of the program, and to preserve its solvency on behalf of taxpayers”.
Per the notice, for loans processed on a delegated basis, the revised FY 2025 fees will apply to all loans for which SBA issues a loan number on or after March 27, 2025.
For loans processed on a nondelegated basis, the date on which the loan is classified as in R1 status (defined as having passed the SBA compliance check and being currently under review by SBA) will control what fees will be due:
- Any loan in R1 status (as indicated in E-Tran) as of 11:59 PM ET Wednesday, March 26, 2025, will continue to receive the fee relief announced by Information Notice 5000-858936, BUT —
- Any loan that goes into R1 status on March 27, 2025, or later, will be subject to the fees announced by the new notice.
The notice directs readers to SOP 50 10 7.1, Section A, Chapter 4, Para. C., for additional information regarding payment of the SBA loan fees.
For all loans, excluding Export Working Capital Program (EWCP) loans and loans made under the Working Capital Pilot (WCP) Program, the fee revision returns the fees to the maximum levels authorized by the Small Business Act. The fees due on EWCP and WCP Program loans are spelled out in the notice.
Please read the notice in its entirety for complete information on the fee structure that will apply beginning on the effective dates noted above and running through the end of the fiscal year, September 30, 2025.
