Fees on MBE Loan(s)

Fees on MBE Loan(s). The qualified entity may charge an origination fee of up to 1% on the first $250,000 loaned. Additional fees paid by the borrower in connection with the closing of the MBE loan are limited to attorney fees and other associated closing costs that may not exceed $750. These fees may be paid from proceeds. Should extenuating circumstances cause fees to exceed these stated amounts, written justification should be provided along with the settlement sheet.