SBA Loan Calculator
Calculates monthly payments and total cost specifically for SBA 7(a), 504, and Express loan types
Enter loan details to calculate your monthly payment
The total interest paid over the life of the loan
One-time fee based on loan type and guaranteed portion
Principal plus interest plus guarantee fee
Frequently Asked Questions
What types of SBA loans are available?
The three main types are: SBA 7(a) for general business purposes up to $5M, SBA 504 for real estate and large equipment up to $5.5M, and SBA Express for fast approval up to $500K. Each has different terms, rates, and guarantee percentages.
What is the SBA guarantee fee?
The SBA charges a guarantee fee based on the guaranteed portion of the loan. For 7(a) loans, this is typically 2-3.75% depending on loan size and maturity. The fee can be financed into the loan so it does not require upfront cash.
How do I qualify for an SBA loan?
Requirements include: operating as a for-profit business in the US, meeting SBA size standards, having invested your own time and money, exhausting other financing options, and demonstrating ability to repay. Most lenders want 2+ years in business and a 680+ credit score.
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