SBA loan calculator
Estimate payments on an SBA 7(a) or 504 loan, including the guarantee fee.
Standard amortization. Actual payments vary with rounding, fees and payment timing.
Amortization schedule
| Month | Payment | Principal | Interest | Balance |
|---|
First 12 months, then every 12th month.
An SBA 7(a) loan of $350,000 over 10 years at 11.5% costs about $4,921 a month, with roughly $240,000 in total interest. Guarantee fees of 0% to 3.75% on the guaranteed portion can be financed into the loan. Enter your amount, term and rate to estimate your payment.
How to use this calculator
Amount
7(a) loans go up to $5 million. 504 loans finance up to 40% of a project through a CDC with a bank funding 50% and you contributing 10%.
Term
Up to 10 years for working capital and equipment, 25 years for real estate.
Rate
Variable 7(a) rates are capped at prime plus 3% to 6.5% depending on size. Enter the rate your lender quotes.
Guarantee fee
Charged on the guaranteed portion of the loan, typically financed. Enter it as a percentage of the total loan to approximate.
Frequently asked questions
What is the current SBA loan rate?
Are SBA guarantee fees refundable?
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