Does the SBAExpress program allow the participant lender to charge fees?
Yes. Please review page 18 “Fees” of the attached SBAExpress Program Guide dated October 1, 2002. The Center reads the language found in the Guide to mean that any fees charged to the borrower after payment default should not be reflected in the transcript of account. Therefore, prior to SBA purchase, such amounts will be subtracted from the total amount purchased by the Agency. However, on the other hand, if the transcript of account reflects fees charged to the borrower prior to payment default and paid by the borrower, then no adjustment will be made to the transcript of account