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Get the free 7(a) Fees Effective for the Period October 1, 2019 through November 21, 2019

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SBA Information Notice TO: All SBA Employees and 7(a) LendersCONTROL NO.: 500019021SUBJECT: 7(a) Fees Effective for the Period October 1, 2019, through November 21, 2019EFFECTIVE: 10/01/2019Each year
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7a fees are typically associated with Small Business Administration (SBA) loans, specifically the SBA 7(a) loan program.
Lenders who participate in the SBA 7(a) loan program are required to file 7a fees.
Lenders must fill out the necessary forms provided by the SBA to report and pay the required 7a fees.
The purpose of 7a fees is to help cover the costs of administering the SBA 7(a) loan program.
Lenders must report details of the 7(a) loans they have originated, including loan amounts and fees incurred.
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