If you are considering getting a 504 loan from the Small Business Administration (SBA), you might have questions about closing costs and other fees. While there are fees for an SBA 504 loan, they are generally not very noticeable to the borrower because most of them are rolled over into the loan. This means there is no out of pocket expense for the borrower apart from the 10-15% down payment and minor closing expenses.
Even so, it can be helpful to visualize how these fees break down. Therefore, we are providing a comprehensive list of possible fees and expenses. This list covers fees for the 504 loan and 504 refinance loan, which are the same apart from one exception, which is noted below.