Biz Write-Offs LogoBiz Write-Offs

SBA loan fees

2%-3.75% of loan

Can You Write Off SBA Loan Fees?

Short answer: Yes, but loan guarantee and origination fees are spread over the life of the loan.

Closing costs on real estate loans follow the same amortization rule.

Records to keep: Keep receipts or invoices, proof of payment, and a short note of the business purpose.