What are common fees on business loans?

Business loan fees include: origination fees (1-5% of loan amount charged at closing), SBA guarantee fees (0-3.5% depending on loan size, waived for loans under $1M through FY2025), prepayment penalties (common on fixed-rate loans under 5 years), documentation fees, annual line of credit fees ($150-$500), and late payment fees. Always calculate the total cost of the loan including all fees, not just the interest rate.