Which 504 loans get the FY2027 fee waiver?
Short answer
In FY2027, both fees are waived for manufacturers, listed food supply chain businesses and businesses in rural areas. FY2027 covers loans approved October 1, 2026 through September 30, 2027. That means no upfront guaranty fee and no annual service fee (SBA Information Notice 5000-881796).
SBA waived two fees for three groups of borrowers in fiscal year 2027. The waiver is in SBA Information Notice 5000-881796, published September 3, 2026.
Who qualifies
- Manufacturers in NAICS Sectors 31-33.
- Food supply chain businesses in NAICS 1111, 1112, 1113, 1121, 1122, 1123, 1124, 1125, 1129, 1141, 1151 or 1152.
- Food supply chain businesses in NAICS 423820, 4244, 4245, 424910, 445110, 484220, 484230, 493120 or 493130.
- Businesses located in a rural area.
The notice limits NAICSThe federal code system that sorts businesses by industry. 484220 and 484230 to refrigerated and frozen trucking, farm products, grain products and livestock. It does not define rural area, so ask your Certified Development Company (CDC) how it applies that test.
What the waiver covers
The waiver removes the upfront guaranty feeA fee SBA charges on the guaranteed part of a loan. The lender pays it and may pass it to you. Full definition and the annual service fee. The notice says it includes 504 Debt Refinance with Expansion and Debt Refinance without Expansion loans.
One paragraph of the notice carves only manufacturers out of the refinance fee. If you are a food supply or rural borrower on that program, confirm the fee with your CDC.
What other borrowers pay
Other 504 loans approved in FY2027 pay an upfront fee of 0.50% and an annual service fee of 0.203% of the outstanding balance. Debt Refinance without Expansion loans pay 0.204% a year.
What the notice does not touch
CDC fees, the funding fee, the underwriter's fee and the third party participation fee are outside this notice.
The 7(a) waiver carries a loan size limit. It is 0% for loans of $700,000 or less to manufacturers (NAICS 31-33), listed food supply chain businesses and businesses in rural areas. Source: SBA Information Notice 5000-881797.
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