SBA Loan Calculator - Calculate Your Monthly Payments Instantly
Estimate monthly payments, total interest costs, and repayment schedules for SBA 7(a), 504, and Express loans with our free calculator.
Loan Details
Maximum: $5,000,000
Typical range: 9.5% - 10.5%
Auto-set based on loan purpose (Real Estate: 25 years, Others: 10-15 years)
Quick Select Amount:
SBA 7(a) Loan Key Features
Loan Details
- • Loan amounts up to $5 million
- • Terms up to 25 years for real estate
- • Terms up to 10 years for equipment/working capital
- • SBA guarantees 75-85% of the loan
Typical Rate Structure
- • Loans ≤ $50K: Prime + 3.5% to 4.25%
- • Loans $50K-$250K: Prime + 2% to 2.75%
- • Loans $250K-$5M: Prime + 3% max
- • Rate varies by lender and qualifications
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What is an SBA Loan Calculator?
An SBA loan calculator helps you estimate monthly payments, total interest costs, and repayment schedules for Small Business Administration guaranteed loans. Whether you're considering an SBA 7(a) loan for working capital or an SBA 504 loan for real estate and equipment, this calculator gives you instant clarity on what your financing will actually cost.
Unlike generic business loan calculators, this tool accounts for SBA-specific factors including guarantee fees, longer repayment terms (up to 25 years), and the unique structure of 504 loans with their two separate notes.
Why use an SBA loan calculator before applying?
- See if monthly payments fit your cash flow before spending time on applications
- Compare 7(a) vs 504 loan costs side-by-side
- Understand how different down payments affect your total interest
- Determine the true cost of financing including all SBA fees
Types of SBA Loans: 504 vs 7(a)
SBA 7(a) Loans
The most popular SBA loan program, 7(a) loans can be used for almost any business purpose: working capital, equipment purchases, business acquisitions, debt refinancing, or real estate.
Key features:
- •Loan amounts: Up to $5 million
- •Terms: Up to 10 years for working capital/equipment, up to 25 years for real estate
- •Down payment: Typically 10% for established businesses, 20% for new businesses
- •Interest rates: Prime + 2.25% to 2.75%
- •SBA guarantee fee: 2% to 3.75% of the guaranteed portion
SBA 504 Loans
Designed specifically for purchasing fixed assets like commercial real estate, buildings, or major equipment. The 504 program features a unique three-party structure with fixed rates.
Key features:
- •Loan amounts: Up to $5.5 million (up to $5 million for equipment)
- •Structure: 50% conventional lender, 40% CDC (SBA-backed), 10% borrower down payment
- •Terms: 10, 20, or 25 years with fixed rates
- •Interest rates: Fixed for the life of the loan (typically lower than 7(a))
- •Best for: Real estate purchases, major equipment, construction
How to Use This SBA Loan Calculator
1Enter your loan amount
Input the total amount you need to borrow. Remember that SBA loans require a down payment, so if you're buying a $500,000 property, you'd typically borrow $450,000 (with a 10% down payment).
2Select your loan type
Choose between SBA 7(a) or SBA 504. If you're financing real estate or equipment over $500K, consider 504 for potentially better rates and terms.
3Input interest rate
Current SBA loan rates typically range from 6% to 11% depending on the loan type, term, and lender. Your actual rate will depend on your credit profile and business financials.
4Choose your loan term
Select the appropriate term based on your loan purpose:
- • Working capital/equipment: 7-10 years
- • Real estate: 20-25 years
- • 504 loans: Usually 10, 20, or 25 years
5Review your results
The calculator shows your monthly payment, total interest paid, and complete amortization schedule. Pay attention to the total cost of borrowing - a longer term means lower monthly payments but significantly more interest over time.
Understanding Your SBA Loan Calculator Results
Monthly Payment
This is your regular payment amount including both principal and interest. Make sure this fits comfortably within your business's monthly cash flow with room for unexpected expenses.
Total Interest Paid
The cumulative interest you'll pay over the life of the loan. A $500,000 SBA loan at 7% for 25 years will cost approximately $556,000 in interest - more than the principal borrowed. This is why comparing rates and terms matters.
Total Amount Repaid
Principal borrowed plus total interest. This is the actual cost of your financing.
Break-Even Analysis
Consider whether the asset or business you're financing will generate enough additional revenue to cover the loan payment plus a profit margin. For equipment, calculate the ROI. For real estate, ensure rental income or business operations cover the payment.
Frequently Asked Questions
What fees are included in SBA loans?
Beyond interest, SBA loans include a guarantee fee (paid to the SBA), packaging fee (paid to your lender), and potentially other closing costs. For a $500,000 SBA 7(a) loan, expect $15,000-$20,000 in fees. Our calculator focuses on principal and interest, but budget an additional 3-4% for fees.
Can I prepay an SBA loan without penalty?
SBA 7(a) loans have no prepayment penalty. SBA 504 loans may have prepayment penalties in the first half of the loan term (typically declining from 5% to 1% over years 1-10).
What credit score do I need for an SBA loan?
Most lenders require a minimum personal credit score of 680, with 700+ preferred. However, SBA loans are more forgiving than conventional financing and consider the full business picture, not just credit scores.
How long does SBA loan approval take?
Expect 60-90 days from application to funding. This includes lender underwriting, SBA approval, and closing. Having organized financials and a solid business plan speeds up the process.
What's the minimum down payment?
SBA 7(a): 10% for strong borrowers, 20% for new businesses or weaker credits. SBA 504: 10% is standard for most uses, 15% for special purpose properties.
Ready to Move Forward?
Now that you've calculated your estimated SBA loan payment, the next step is connecting with an experienced SBA lender who can provide actual quotes and guide you through the application process.
Or explore more financing options:
Disclaimer: This calculator provides estimates only. Actual loan terms, rates, and payments will vary based on your creditworthiness, business financials, lender requirements, and current market conditions. Consult with an SBA-approved lender for accurate quotes.