8 small business loan fees to keep in mind

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8 SMALL BUSINESS LOAN FEES TO KEEP IN MIND
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Whenever you are applying for a small business
loan, you are entitled to come across various
types of fees.
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Have a look at the following fees before applying
for a small business loan.
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• Application Fee
• Whenever you are applying for a small business
  loan, you are obligated to submit the application
  fee.

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2. Origination Fee Lenders ask for an
origination fee to set the loan approval process
in motion.
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3. Service Fee Lenders charge for the service
fee to cover the cost of the ongoing
notifications.
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4. Prepayment Fee A borrower must check in with
the potential lender because some of the lenders
charge the prepayment fee.
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5. Monthly Administrative Fee This fee ranges
from 50 to 100.
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6. Referral Fee To apply for the small business
loans through lending companies, and you have to
pay the referral fee.
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7. Preparation or packaging Fee As you are
applying for a small business loan so you must be
familiar with the long list of financial
documents.
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8. Other Fees Wine transfer fee, payment by
check fee, non-sufficient funds, and SBA
guarantee fee.
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Watch out for all the fees attached to small
business loans. Merchant Advisors believes in
offering small business loans at a lower interest
rate and no hidden fees.
Apply today _at_Onlinecheck.com
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Phone
9-5 Novelty Lane Suite B Essex, Ct 06426
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