What are the SBA, CSA and CDC fees shown on the amortization schedule?
SBA (Small Business Administration). The fee paid to SBA represents a guarantee fee required under the Code of Federal Regulations (CFR) to cover a loss reserve for the program. CSA (Central Servicing Agent). The CSA is also known as Colson Services Corporation. The CSA fee covers charges by Colson Services Corporation to handle payment processing and loan accounting. Colson Services Corporation is appointed by the SBA to accept monthly payments, hold the monthly payments until the semi-annual debenture payment is due, pay the semi-annual debenture payments, and calculate and accept full payments on the SBA 504 Loan. CDC (Certified Development Company) and for purposes of this website also known as REsource Capital. The CDC is required to service the loan on behalf of the SBA by enforcing the terms of the loan documents. The CDC fee is set forth in the Code of Federal Regulations to pay for the servicing of SBA 504 Loans and cannot be waived.
