Fees on MBE Micro-Loan

Fees on MBE Micro-Loan. The qualified entity may charge an origination fee of up to 1% of the loan amount. At the option of the qualified entity, a minimum fee of $100 may be established. Additional fees paid by the borrower in connection with the closing of the MBE Micro-Loan are limited to attorney fees and other associated closing costs. These fees may be paid from loan proceeds.