Based on the 5-year US Treasury or floor of 2%, whichever is higher, with basis point additions for credit risk.
- Application fee: $1,000.
- Commitment fee: $750, payable at acceptance of term sheet.
- Guarantee fee: Up to 0.5% sized to percentage guarantee required, not to exceed 0.5%. (For example, 25% guarantee will require a 0.25% fee, 50% guarantee will require a 0.5% fee.)
* All fees are non-refundable