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Packaging Fee on SBA Loans

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Question: 
If you have a packaging fee that is charged to the customer on SBA loans would that be a fee that falls under FASB? Basically the fee is an origination fee but the SBA calls it a packaging fee.
Answer: 

You should probably be visiting with your external accounting firm. We compliance officers are a little rusty in some areas of FASB.

First published on 07/26/2015

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