Loan Processing Fee Sample Clauses

Loan Processing Fee. In accordance with SBA regulations, CDC will charge a processing fee equal to 1.5% of the net proceeds of the SBA 504 loan proceeds. Applicant agrees to pay, as a deposit, a portion of the Loan Processing Fee at the time applicant signs this agreement and a 504 Loan Application File is opened. The deposit is based on the following schedule: CDC/SBA Loan Amount: $50,000 – 250,000 $250,000 + Deposit Amount: 1% ($500 – 2,500) $2,500 If CDC or SBA declines the application, the deposit will be refunded in full within 10 business days after the decline, including any period for reconsideration. If Applicant chooses to terminate this agreement, for any reason, CDC shall deduct the reasonable and necessary costs incurred in the application and/or approval process. After deducting all hard costs incurred by the CDC, any remaining deposit balance will be refunded to the applicant within 10 business days, according to the following schedule: Pre-loan analysis, initial credit review and determination of eligibility 75% of deposit refunded Review and preparation of checklists for documentation needed to complete Application 50% of deposit refunded Completion of credit underwriting and preparation of credit memo 25% of deposit refunded Presentation of loan to Utah CDC Loan Committee 0% of deposit refunded If the Final 504 Loan Package is approved and Applicant obtains 504 Loan financing, the total 504 Loan Processing Fee will be financed with the 504 Loan Proceeds, and the deposit paid by Applicant will be refunded to Applicant upon 504 Loan funding.
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Loan Processing Fee. The amount of the loan processing fee is 1.5% of the loan amount and is charged to the borrower(s) at loan closing.
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Loan Processing Fee. On the Closing Date, Borrower shall pay to Lender in immediately available funds a loan processing fee in the amount of $500.00.
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Loan Processing Fee. The Loan Processing Fee shall be a one-time charge assessed by the CDC, payable to CDC from the proceeds of the Debenture, of no more than 1.5 percent of the face amount of the Debenture, which shall be used to cover the following allowable costs: general administration and overhead expenses, contractual expenses (i.e., staff services) and expenses related to the preparation of the application. The CDC shall provide an itemized justification for the fee assessed and the fee shall be subject to review and approval by SBA.
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Loan Processing Fee. A non-refundable Loan Processing Fee in the amount of $25,000 shall be due at the time of execution of this Term Sheet.
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Related to Loan Processing Fee

  • Processing Fee Xxxxxxxx agrees to pay Purchaser the Processing Fee listed on the first page of this Agreement to reimburse Purchaser for expenses incurred in processing Merchant’s application, providing toll-free access to customer service representatives, filing and terminating UCC financing statement(s) against Merchant and fees that Purchaser pays any other person for referring Merchant to Purchaser and assisting with the origination of the sale of the Future Receipts. Purchaser will deduct the amount of the Processing Fee from the Purchase Price that is to be paid to Merchant.

  • Origination Fee The Borrower shall pay the Lender a fully earned and non-refundable origination fee of $50,000, due and payable upon the execution of this Agreement.

  • Facility Fee The Company shall pay to the Administrative Agent for the account of each Lender in accordance with its Applicable Percentage, a facility fee, in Dollars, equal to the Applicable Rate for facility fees times the actual daily amount of the Aggregate Commitments (or, if the Aggregate Commitments have terminated, on the Outstanding Amount of all Committed Loans, Swing Line Loans and L/C Obligations), regardless of usage, subject to adjustment as provided in Section 2.18. The facility fee shall accrue at all times during the Availability Period (and thereafter so long as any Committed Loans, Swing Line Loans or L/C Obligations remain outstanding), including at any time during which one or more of the conditions in Article IV are not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period (and, if applicable, thereafter on demand). The facility fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate for facility fees during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate for facility fees separately for each period during such quarter that such Applicable Rate for facility fees was in effect.

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