Tools
SBA 7(a) loan payment calculator
Estimate your monthly payment, total interest, and a year-by-year amortization schedule for an SBA 7(a) loan.
Pricing a 504 project? A 504 deal is two loans plus a down payment, not one note. The SBA 504 loan calculator models the bank/CDC split at the current debenture rate and prints a year-by-year amortization schedule.
7(a) rates are usually the prime rate plus a spread the SBA caps by loan size: from prime + 3% on loans over $350,000 up to prime + 6.5% on the smallest, and often lower in practice. 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.
| 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 |
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