SBA SOP 50 10 8.1, C.Ch3.B — Steps to Calculate the Gross Debenture
Verbatim text of SBA SOP 50 10 8.1 (with Technical Policy Updates) section C.Ch3.B (Steps to Calculate the Gross Debenture). Effective 2026-10-01 for applications received by SBA on or after that date; SOP 50 10 8 governs applications submitted through 2026-09-30. 1 provision(s) quoted from SBA's .docx.
SBA lending corpus: SOP 50 10 and the active notices, with the expiry watcher.
Verbatim regulatory text
Verbatim provisions from SBA SOP 50 10 8.1, C.Ch3.B — Steps to Calculate the Gross Debenture — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.
SOP 50 10 8.1 C.Ch3.B
B. Steps to Calculate the Gross Debenture Use the following step by step pricing model procedures to determine the administrative costs and the Gross Debenture amount. Except for the underwriting fee and closing costs, each administrative cost is based on the amount of the Net Debenture. For more information, see Ch. 1, Para. C.12 of this Section, Eligible Administrative Costs. Also see Section A, Ch. 4, Para. E., 504 Loan Program Fees and Use of Agents. 1 | Net Debenture | Determine the Net Debenture: | $350,000 2 | SBA Guaranty Fee (.5%) | multiply $350,000 by 0.005 = | $1,750 3 | Funding Fee (.25%) | multiply $350,000 by .0025 = | $875 4 | CDC Processing Fee (1.5%) | multiply $350,000 by .015 = | $5,250 5 | Eligible Closing Costs* | = | $2,500 6 | Gross Debenture Amount | To calculate the Gross Debenture, add items 1 through 5 above and divide the total by 0.996 for 20 or 25-year debentures (for 10-year debentures, this number would be 0.99625). This step adds the Underwriter’s Fee to the total debenture. Round this number up to the next even thousand. | | Net Debenture Proceeds | $350,000 | | SBA Guaranty Fee | $1,750 | | Funding Fee | $875 | | CDC Processing Fee | $5,250 | | Closing Costs | $2,500 | | Total | $360,375 | | Divide by 0.99600 (0.99625 for 10-Year Debenture) | $360,065 | | Round up to the next even thousand | $362,000 | The Gross Debenture in this example is $ 362,000. | Note: The Gross Debenture is calculated first because the Underwriter’s Fee is based on the Gross Debenture, not the Net Debenture. 7 | Underwriter’s Fee | To determine the exact amount of the underwriter’s fee, multiply the 20 or 25-year Gross Debenture by .004 (for 10-year debentures, this number would be .00375). | | Multiply $362,000 by .004 = | $1,448 8 | Balance to Borrower. The difference between the Gross Debenture amount ($362,000.00) and the sum of Net Debenture proceeds ($350,000.00), processing and closing fees ($8,625.00), and Underwriter’s fee ($1,448.00) goes to the Borrower. | In this example, the Balance to Borrower is: $362,000 – ($350,000 + $10,375 + $1,448) = $931.
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Source of record: https://claudeforcompliance.com/regs/sba-sop81-c-ch3-b/
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