Tools
SBA loan payment calculator
Estimate your monthly payment, total interest, and a year-by-year amortization schedule for an SBA 7(a) or 504 loan.
7(a) rates are usually the prime rate plus a negotiated spread (often 2.75% to 4.75%). Enter your quoted rate for an exact figure. Terms are typically up to 10 years for working capital and up to 25 years for real estate.
Monthly payment
$3,269
Total interest
$142,311
Total cost
$392,311
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $15,538 | $23,693 | $234,462 |
| 2 | $17,123 | $22,108 | $217,339 |
| 3 | $18,869 | $20,362 | $198,470 |
| 4 | $20,793 | $18,438 | $177,677 |
| 5 | $22,914 | $16,317 | $154,763 |
| 6 | $25,250 | $13,981 | $129,513 |
| 7 | $27,825 | $11,406 | $101,688 |
| 8 | $30,663 | $8,568 | $71,025 |
| 9 | $33,790 | $5,441 | $37,235 |
| 10 | $37,235 | $1,996 | $0 |
This is an estimate, not an offer. It assumes a fixed
rate and equal monthly payments. It does not include the SBA guaranty fee, closing costs, or
changes in a variable rate over the life of the loan, and actual terms vary by lender. The rate
is pre-filled from today's prime rate (6.75%) plus a typical 7(a) spread; see the
rates and fees guide
for how SBA pricing works. SBA Loan Index is not a lender or financial advisor.
Ready to apply for an SBA loan?
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