> For the complete documentation index, see [llms.txt](https://docs.arbor.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.arbor.finance/participants/borrowers/fees.md).

# What are the fees?

Establishment fees are paid by borrowers. This fee is paid to the Arbor Treasury.