{"ok":true,"canonical_url":"https://dealroom.so/glossary/ongoing-service-fee","api_url":"https://dealroom.so/api/public/glossary/ongoing-service-fee","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"ongoing-service-fee","term":"Ongoing service fee","group":"Doing the deal","definition":"A recurring charge from the SBA to the lender, which the lender typically passes on to the borrower, for the life of the loan. Buyers care because this fee adds to the total cost of your SBA loan, increasing your monthly payments.","what_it_means":"This fee, often called the \"annual service fee,\" is currently 0.55% of the outstanding guaranteed portion of the loan. It's paid quarterly by your lender to the SBA and is usually built into your interest rate or charged separately. Factor this into your debt service calculations.","url":"https://dealroom.so/glossary/ongoing-service-fee","official_sources":[{"slug":"13-cfr-part-120","title":"13 CFR Part 120 — Business Loans","official_url":"https://www.ecfr.gov/current/title-13/chapter-I/part-120","official_label":"View on eCFR","authority_tier":1,"publisher":"Office of the Federal Register","source_guide_url":"https://dealroom.so/sba-7a/sources/13-cfr-part-120"},{"slug":"sop-50-10","title":"SOP 50 10 — Lender and Development Company Loan Programs","official_url":"https://www.sba.gov/document/sop-50-10-lender-development-company-loan-programs","official_label":"View on SBA.gov","authority_tier":2,"publisher":"U.S. Small Business Administration","source_guide_url":"https://dealroom.so/sba-7a/sources/sop-50-10"}],"related":[{"slug":"guaranty-fee","term":"Guaranty fee","url":"https://dealroom.so/glossary/guaranty-fee"},{"slug":"debt-service","term":"Debt service","url":"https://dealroom.so/glossary/debt-service"},{"slug":"lender-closing-costs","term":"Lender closing costs","url":"https://dealroom.so/glossary/lender-closing-costs"},{"slug":"term-maturity","term":"Term / maturity","url":"https://dealroom.so/glossary/term-maturity"}],"related_questions":[{"question":"How is the ongoing annual service fee for an SBA 7(a) loan determined?","url":"https://dealroom.so/sba-loans/basics/how-is-the-ongoing-annual-service-fee-for-an-sba-7-a-loan-determined"},{"question":"When is the ongoing SBA servicing fee (annual service fee) for a 7(a) loan typically collected from the lender?","url":"https://dealroom.so/for-lenders/questions/when-is-the-ongoing-sba-servicing-fee-annual-service-fee-for-a-7-a-loan-typically-collecte"},{"question":"How does a lender calculate the ongoing servicing fee (annual service fee) due to the SBA for a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-calculate-the-ongoing-servicing-fee-annual-service-fee-due-to-the-sba-fo"},{"question":"How does a lender calculate the ongoing annual service fee payable to the SBA for a 7(a) loan?","url":"https://dealroom.so/for-lenders/questions/how-does-a-lender-calculate-the-ongoing-annual-service-fee-payable-to-the-sba-for-a-7-a-lo"},{"question":"Is the ongoing annual service fee for a 7(a) loan collected directly from the borrower by the SBA?","url":"https://dealroom.so/for-lenders/questions/is-the-ongoing-annual-service-fee-for-a-7-a-loan-collected-directly-from-the-borrower-by-t"},{"question":"Are there any other lender-specific fees beyond the SBA guaranty fee and ongoing servicing fee?","url":"https://dealroom.so/sba-7a/questions/are-there-any-other-lender-specific-fees-beyond-the-sba-guaranty-fee-and-ongoing-servicing"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — Ongoing service fee","url":"https://dealroom.so/glossary/ongoing-service-fee","source_type":"DealRoom Data"}}