SBA Loan Calculator

Calculate SBA 7(a), 504, and Express loan payments. Includes SBA guarantee fee tiers, full amortization schedule, and effective APR. Free, runs in your browser.

Loan Details

SBA loans typically range 5-10%

10.0 years

One-time fee charged at loan origination

Loan Summary

Monthly Payment
$4,722.72
Principal
$350,000.00
Total Interest
$216,726.99
Origination Fee
$0.00
Effective APR
6.19%
Total Loan Cost
$566,726.99
Including all fees and interest

Yearly Summary

YearPrincipal PaidInterest PaidRemaining Balance
Year 1$20,910.00$35,762.70$329,090.00
Year 2$23,214.36$33,458.34$305,875.64
Year 3$25,772.66$30,900.04$280,102.99
Year 4$28,612.89$28,059.81$251,490.09
Year 5$31,766.13$24,906.57$219,723.96
Year 6$35,266.87$21,405.83$184,457.09
Year 7$39,153.40$17,519.30$145,303.69
Year 8$43,468.24$13,204.46$101,835.45
Year 9$48,258.59$8,414.11$53,576.85
Year 10$53,576.85$3,095.84$0.00

How to Calculate an SBA Loan Payment

  1. 1

    Enter the loan amount

    SBA 7(a) loans go up to $5 million; SBA 504 also caps at $5M for the CDC portion; SBA Express tops out at $500,000. Enter the amount you plan to borrow.
  2. 2

    Set the interest rate

    SBA 7(a) rates are variable and capped at Prime + 3.0%–4.5% depending on loan size and term. In April 2026, typical SBA 7(a) rates fall between 10.5% and 13.5%. Enter your quoted rate, or use the default for a rough estimate.
  3. 3

    Choose the term

    SBA 7(a) terms are up to 10 years for working capital and equipment, up to 25 years for real estate. SBA 504 terms are 10, 20, or 25 years. Enter the term in months.
  4. 4

    Add the SBA guarantee fee

    The SBA charges a one-time guarantee fee based on the guaranteed portion of the loan. Use the origination fee field to model this — see the fee table below for current tiers.
  5. 5

    Review the payment and amortization

    The calculator shows your monthly payment, total interest, total cost including fees, and the effective APR. Expand the amortization schedule to see how each monthly payment splits between principal and interest.

When to Use the SBA Loan Calculator

1

Before applying for an SBA 7(a) loan

Estimate your monthly payment and total interest before filling out SBA Form 1919. Knowing the expected payment helps you compare lenders and decide whether the loan fits your cash flow.
2

Comparing SBA 7(a) vs conventional business loans

SBA 7(a) loans have longer terms and lower rates but come with a guarantee fee. Use this calculator alongside the business loan calculator to see whether the fee is worth the lower rate.
3

SBA 504 real estate financing

SBA 504 loans fund commercial real estate and heavy equipment with 20- or 25-year amortization. Model the CDC portion's fixed rate and the bank portion's variable rate separately, or combine them as a blended rate.
4

SBA Express and Export Express

SBA Express loans cap at $500,000 with faster approval but higher rates (up to Prime + 6.5%). The calculator handles shorter terms and the reduced guarantee fee (0% on loans ≤$350,000 under current SBA pricing).

About This Tool

The SBA Loan Calculator estimates monthly payments, total interest, and the effective APR for loans guaranteed by the U.S. Small Business Administration — including the 7(a), 504, and Express programs. Enter your loan amount, interest rate, term in months, and the SBA guarantee fee as a percentage, and the tool produces a full amortization schedule showing how every payment splits between principal and interest.

SBA 7(a) is the most common program and caps at $5 million. Interest rates are variable and tied to the Prime rate, with the SBA capping the maximum margin at 3.0%–4.5% above Prime depending on loan size and term. As of April 2026, Prime sits around 8.0%, putting typical SBA 7(a) rates in the 10.5%–13.5% range. Terms run up to 10 years for working capital and equipment, and up to 25 years for commercial real estate. The SBA guarantee fee ranges from 0% on loans at or below $1 million (currently waived through fiscal year 2026) to 3.75% on the guaranteed portion of larger loans.

SBA 504 loans fund commercial real estate and heavy equipment with a 50/40/10 structure: 50% from a bank, 40% from a Certified Development Company (CDC) at a fixed rate, and 10% equity from the borrower. Terms are 10, 20, or 25 years. SBA Express loans cap at $500,000 with faster approval but higher rates — up to Prime plus 6.5% — and reduced paperwork.

Use this calculator alongside the business loan calculator to compare an SBA offer against a conventional term loan, the amortization calculator to model early-payoff scenarios, and the break-even calculator to confirm the monthly payment fits your projected revenue. For real estate deals specifically, pair it with the mortgage calculator.

How It Compares

Lender-branded calculators (SmartBiz, Lendio, Fundera) often require an email address and funnel you into a quote request. The SBA's own payment tool on sba.gov does not show full amortization and does not include the guarantee fee in the total cost. This calculator runs entirely in your browser, never stores or transmits the numbers you enter, and computes the full amortization plus effective APR including fees — all in one place and with no signup.

The core math is the standard amortization formula: monthly payment = P × r × (1+r)^n / ((1+r)^n − 1), where P is principal, r is monthly rate, and n is total months. The effective APR adds the guarantee fee to the total interest and divides by the principal and term — a useful number for apples-to-apples comparison with a non-SBA loan offer that has no fees.

SBA Loan Tips

1
SBA guarantee fees are currently waived on 7(a) loans of $1 million or less for fiscal year 2026 — check sba.gov for the latest schedule before modelling.
2
SBA loans may be prepaid at any time without penalty if the term is under 15 years. Loans with terms of 15 years or more have a declining prepayment penalty in the first three years.
3
Interest on business loans is generally tax-deductible as a business expense. Keep the amortization schedule for your tax filing — total interest paid each year is the deductible portion.
4
Ask your lender whether the rate is fixed or variable. SBA 7(a) rates are most commonly variable, resetting quarterly with Prime. A rate hike adds to your monthly payment the following quarter.
5
Factor in the packaging fee. Many SBA lenders charge a one-time packaging fee (typically $2,000–$5,000) in addition to the SBA guarantee fee. Add it to the origination fee field for a complete picture.

Frequently Asked Questions

1

How do I calculate an SBA loan payment?

Use the standard amortization formula: monthly payment = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the principal, r is the monthly interest rate (annual rate ÷ 12), and n is the total number of monthly payments. For a $250,000 SBA 7(a) loan at 10.5% over 10 years (120 months), the monthly payment is about $3,374. Enter your own numbers in the calculator above for an exact figure.
2

What is the SBA loan guarantee fee?

The SBA charges a one-time fee on the guaranteed portion of 7(a) loans. Current tiers (fiscal year 2026): 0% on loans ≤$1,000,000, 1.45% on $1,000,001–$2,000,000 (guaranteed portion), and 3.5%+3.75% on loans above $2 million. The fee is paid at closing and can be financed into the loan principal. Enter it in the origination fee field above.
3

What are current SBA 7(a) interest rates?

SBA 7(a) rates are variable and tied to the Prime rate. The SBA caps the maximum margin at Prime + 3.0% to Prime + 4.5% depending on loan size and term. With Prime near 8.0% in April 2026, typical SBA 7(a) rates fall between 10.5% and 13.5%. Your actual rate depends on the lender, loan size, and your business credit profile.
4

How much can I borrow with an SBA loan?

SBA 7(a) loans cap at $5 million. SBA 504 loans have the same $5M cap on the CDC portion but the total project cost can be higher. SBA Express loans cap at $500,000. SBA Microloans go up to $50,000. The calculator handles any loan amount — enter what you plan to borrow.
5

What are typical SBA loan terms?

Terms vary by loan type and use of proceeds. SBA 7(a) allows up to 10 years for working capital and equipment, up to 25 years for commercial real estate. SBA 504 terms are 10, 20, or 25 years. SBA Express allows up to 10 years (7 years for revolving lines of credit). Enter your term in months in the calculator (25 years = 300 months).
6

Are there prepayment penalties on SBA loans?

SBA 7(a) loans with terms under 15 years have no prepayment penalty. Terms of 15 years or more have a declining penalty in the first three years only: 5% of the prepaid amount in year one, 3% in year two, 1% in year three, then zero. SBA 504 loans have a declining prepayment penalty over the first half of the term.
7

Is SBA loan interest tax-deductible?

Yes. Interest paid on business loans — including SBA loans — is generally deductible as a business expense on your tax return. Each year's deductible amount equals the total interest paid that year, which you can read directly off the amortization schedule.
8

What is the effective APR shown in the calculator?

Effective APR is the total cost of the loan (interest + fees) expressed as an annual percentage of the loan amount. It is higher than the quoted interest rate because it includes the SBA guarantee fee and any origination fee. Use it to compare an SBA loan with guarantee fees against a conventional loan with no fees — apples to apples.

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