Closing Cost Range (Excluding Down Payment)

searcher profile

December 19, 2025

by a searcher from The University of Chicago - Booth School of Business in Rochester Hills, MI, USA

For those who’ve recently closed on SBA, what’s the usual closing fee % range excluding the down payment but including all other costs (lender fees, title, escrow, legal, etc.)? Business includes real estate as well.
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commentor profile
Reply by a lender
from Cornell University in Los Angeles, CA, USA
Hi ^redacted‌ - nice to meet you and happy to answer this. As a rule of thumb, SBA closing costs typically run about 2% of the total project cost. These costs are usually rolled into the loan, along with the SBA guaranty fee. I would also strongly recommend building in working capital or a line of credit at closing. It is much harder to obtain additional financing after the deal closes, since the business is treated as a startup until it has two years of operating history. We have a lot experience financing various companies via the SBA. If you ever need help talking through a deal, I am happy to help. We work with all the major SBA lenders. The bank pay us after your loan closes, so this is a 100% free service for you.You can email me directly at redacted or schedule a meeting with me: https://cal.com/francodeguzman/30min. Look forward to chatting!
commentor profile
Reply by an investor
from McGill University in San Diego, CA, USA
This sheet by Sam Rosati might be useful https://docs.google.com/spreadsheets/d/1WCZnnTj3zrUJgTEDXMplV95kI7FyQZAwalZb-61GSy8/edit?gid=0#gid=0
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