Glossary · The loan itself
In short
This is a fee charged by some lenders for processing and evaluating your loan application. It covers their internal costs for due diligence and preparing the loan for approval.
While the SBA sets limits on certain fees, an underwriting or packaging fee might be part of your lender's closing costs. Ensure you understand all lender-specific fees upfront and that they are reasonable and fully disclosed in the commitment letter. These fees contribute to your total project costs.
SOP 50 10 — Lender and Development Company Loan Programs
U.S. Small Business Administration · SBA Standard Operating Procedure
Last checked 2026-06-15. Official sources control — verify before relying on any rule for a live deal.
Defined by DealRoom.so SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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