SBA Loan Calculator
SBA Loan Payment
Calculate payments for an SBA loan
$
%
Formula
Monthly = L[r(1+r)^n]/[(1+r)^n - 1]. Total Cost = Total Interest + SBA Guarantee Fee.
Frequently Asked Questions
What are the different types of SBA loans?
The SBA 7(a) is the most common for general business use (up to $5M). The SBA 504 is for real estate and equipment (up to $5.5M). Microloans are up to $50,000 for startups. SBA Express offers faster approval up to $500K.
What is the SBA guarantee fee?
The SBA charges a guarantee fee based on loan amount and maturity. It ranges from 0% for loans under $150K to 3.5% for loans over $1M. This fee can be financed into the loan.
What are typical SBA loan rates?
SBA 7(a) rates are typically Prime + 2.25% to 4.75% depending on loan size and term. SBA 504 rates are often fixed and slightly lower. Microloans range from 8-13%.
You may also need
$
Equipment Financing Calculator
Free equipment financing calculator. Compare buying vs. leasing equipment, estimate monthly payments, and calculate total cost of ownership for business equipment loans.
Finance$
Personal Loan Calculator
Free personal loan calculator. Estimate monthly payments, total interest, and total cost for an unsecured personal loan with fixed rate and term.
Finance