SBA Loan Calculator
Calculate monthly payments for SBA 7(a) and 504 loans
Loan Details
Typical: 7% - 13%
Extra Payments
Additional amount each month
Loan Summary
Loan Details
Financial Disclaimer
This calculator provides estimates for informational purposes only. Actual loan terms, rates, and payments may vary. This is not financial advice. Consult with a qualified financial advisor or lender for specific guidance. PayoffCalculator.io is not a lender and does not provide loans.
How to Use This SBA Loan Calculator
Enter your loan amount, interest rate, and term. For SBA 7(a) loans, rates are typically variable. For SBA 504 loans, the CDC portion has fixed rates. The calculator shows your estimated monthly payment.
Understanding SBA Loan Loans
SBA loans are partially guaranteed by the government, making them accessible to small businesses that might not qualify for conventional loans. SBA 7(a) loans are versatile, while SBA 504 loans are for major fixed assets.
Tips for Getting the Best SBA Loan Rate
Prepare a solid business plan and financial projections. Shop multiple SBA lenders for the best rates and terms. Consider SBA Express loans for faster processing on smaller amounts.
Frequently Asked Questions
SBA 7(a) loans have variable rates tied to Prime plus a margin (typically 2.25%-4.75%). With Prime at 8.5%, expect rates from 10.75% to 13.25%. SBA 504 loans may have lower fixed rates.