[Olderguy]

Some of you have some trepidation on getting paid on a SBA 7A loan....you don't need to have an outside fee agreement....just use these samples/templates to have your fees processed out of the loan proceeds:


Here are some samples of documents you can generate to be paid out of the SBA 7A loan proceeds...

Sample Invoice for Services:

https://acrobat.adobe.com/link/revie...9-0cb7dd13d4fd

Sample Letter of Direction:

https://acrobat.adobe.com/link/revie...f-7aac6d47ffb0

Sample SBA form 159 fee disclosure

https://acrobat.adobe.com/link/revie...7-29a892b678da

[abfunders]

This has to be stated clearly that you have to invoice these items at some point. There's no such things in the SBA as a "fee agreement" that can officially protect you. You could also present it to them beforehand and tell them that you're billing it whether or not it funds, sign on the dotted line please. You have to just present it to the merchant (like a PSF) and hope they pay it. If they call you out on it, there's no legal protection.

Most of that is fine, although stating "broker services" are really sketchy.

[Olderguy]

This has to be stated clearly that you have to invoice these items at some point. There's no such things in the SBA as a "fee agreement" that can officially protect you. You could also present it to them beforehand and tell them that you're billing it whether or not it funds, sign on the dotted line please. You have to just present it to the merchant (like a PSF) and hope they pay it. If they call you out on it, there's no legal protection.

Most of that is fine, although stating "broker services" are really sketchy.

I thought I made it clear that the lender pays this out of the loan proceeds when disbursed...and the merchant agrees to it with the letter of direction. The form 159 makes sure of it. It elminates the need and risk of a PSF.

[Oxforddan]

I have found the best way to itemize that form is "document collection, and preparation", with hours listed and billed accordingly.