How much are the fees for the 504 loan?

Origination fees are 2.65% of the 504 loan, plus a $2,300 loan closing fee. These fees are
financed with the overall project, not paid out of pocket. Please note that the bank making the 50% first mortgage loan also pays an SBA fee of 0.50% of the first mortgage loan amount. This fee is usually passed on to the borrower.