What Form 159 is
SBA Form 159 (“Fee Disclosure Form and Compensation Agreement”) is a required disclosure that must be completed and signed for SBA 7(a) and 504 loan applications when an agent — including a referral agent, packager, or broker — receives compensation in connection with the application.
What gets disclosed
- The identity of the agent (us) and the lender.
- The services performed in connection with the application.
- The total compensation paid to the agent and who pays it (the borrower, the lender, or both).
- Any equity or other relationship between the agent and any party to the loan.
How we handle it
On every SBA file we work, Form 159 is completed transparently and provided to you for review and signature before closing. Compensation is itemized — there are no hidden splits. If at any time you have questions about the form or the fees, ask us. We will walk through it line by line.
Where to read more
The SBA publishes guidance on Form 159 and agent fee disclosure requirements. The current form is available at sba.gov.
If you suspect a violation
SBA fee disclosure rules exist to protect borrowers. If you believe an agent in any SBA transaction has not disclosed fees properly, you may report it directly to the SBA Office of Inspector General. We comply with the rules — and we want every borrower to know what they are.