VENTURES

SBA Lenders - Fiscal Year 2025 SBA Fees Have Been Updated Starting 10/1/2024

Ventures updated the FY 2025 SBA Fees for 7(a) and 504 loans effective on October 1, 2024.

If you have loans already in process that will require fee changes, please follow the steps below:

• Access the Financing Menu Project Costs and Financing Sources tabs and "Click Save" to allow the recalculation and update to take place.
   
• Access the Financials within the Analysis menu (specifically the Balance sheet and Income Statement) and Save to allow the recalculation and update to take place.  
  Important Reminder: recalculating only occurs if the cell is Linked. Otherwise, you will need to manually override the data and Save. Lastly, if using Consolidated financials or Global Cashflow, you will also need to visit those financials to have the calculations refresh and be saved. Triangles within Cells of the Financial Statements indicate data has changed but has not been saved. 
   

All 7(a) Loan records in Prospect and Open status were updated with the FY2025 fees pursuant to SBA Notice 5000-858936. Additionally, any 7(a) loans with approval dates on or after October 1, 2024 will have the new fees.

All 504 Loan records in Prospect and Open status were updated with the FY2025 fees pursuant to  5000-859701. Additionally, any 504 loans with approval dates on or after October 1, 2024 will have the new fees.