SBA Loan Calculator
Estimate the payment on an SBA loan. A $250,000 loan at 10.5% over 10 years costs $3,373.37 a month with $154,804.99 in total interest.
SBA loan basics
SBA loans are made by banks and lenders and partially guaranteed by the Small Business Administration. The 7(a) program is the most common for working capital, equipment and business acquisition. The 504 program funds real estate and heavy equipment. Terms run up to 10 years for most uses and 25 years for real estate.
At $250,000, 10.5% and 10 years, the payment is $3,373.37 per month, total interest is $154,804.99 and fees add $7,500.00, for a total borrowing cost of $162,304.99.
Rates and fees
Rates for 7(a) loans are usually the prime rate plus a spread capped by loan size and term. The SBA guarantee fee depends on the guaranteed amount and changes each year, so check the current fee schedule on sba.gov and your lender's quote. Enter the all-in percentage in the fee field.
Compare with the loan payoff calculator and judge the return with the ROI calculator.
Free pricing tips for your business
Get short, practical tips on pricing jobs and using our free calculators. No spam, unsubscribe any time.
Frequently asked questions
What is the maximum SBA 7(a) loan?
Up to $5 million.
What is the SBA loan term?
Up to 10 years for working capital and equipment, and up to 25 years for real estate.
Are SBA loan rates fixed or variable?
Both are available. Variable rates follow the prime rate.
Is a personal guarantee required?
Usually yes, from owners with 20% or more of the business.
Need a custom calculator or spreadsheet built for your business?
Talk to usMore free tools: All free calculators · Loan payoff calculator · ROI calculator · Home loan EMI calculator