Compensation Agreement;

Section 13 of the Small Business Act, 15 U.S.C. 642 as well as 13 CFR 103 .5, require loan applicants, agents or packagers to execute and provide to SBA's compensation agreement to disclose the name of the agent and the fees paid to such an agent for services rendered or to be rendered to the loan applicant, 7(a) participating Lender or Certified Development Company. SBA uses the information to determine whether there is unlawful or unethical activity by agents and to monitor fees charged.

The latest form for Compensation Agreement; expires 2021-08-31 and can be found here.