Financial Costs
To possess control PPP fund made to the or immediately following , this new SBA pays so you can lender, according to research by the equilibrium of the financing a good at the time regarding disbursement of financing, another amounts:
- To have finance regarding only $fifty,000, a cost comparable to this new lesser off 50% or $2,500;
- To have loans of greater than $50,000 rather than more $350,000, four %;
- Getting funds greater than $350,000 much less than $2 mil, about three percent; and
- For loans with a minimum of $dos million, one percent.
The fresh SBA pays the price tag maybe not afterwards than just 5 days after the bank reports the new disbursement of your own PPP mortgage. Read More
