SBA Loan Calculator
Free SBA loan calculator. Estimate monthly payments for SBA 7(a) and SBA 504 loans. Calculate payments for any loan amount up to $5M with current SBA rates.
Loan Parameters
* This calculator provides estimates only. Actual loan terms, rates, and payments depend on lender approval and your specific qualifications. Contact an Approvd advisor for personalized rates.
Estimated Monthly Payment
per month for 84 months
Loan Amount
$250,000
Total Interest
$115,116
Total Repayment
$365,116
Payment Breakdown
First 6 Monthly Payments
| Mo. | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $4,346.62 | $1,950.78 | $2,395.83 | $248,049 |
| 2 | $4,346.62 | $1,969.48 | $2,377.14 | $246,080 |
| 3 | $4,346.62 | $1,988.35 | $2,358.26 | $244,091 |
| 4 | $4,346.62 | $2,007.41 | $2,339.21 | $242,084 |
| 5 | $4,346.62 | $2,026.64 | $2,319.97 | $240,057 |
| 6 | $4,346.62 | $2,046.07 | $2,300.55 | $238,011 |
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About This Calculator
Use this SBA loan calculator to estimate your monthly payment for SBA 7(a) or SBA 504 loans. SBA 7(a) loans for working capital typically have 7–10 year terms. Equipment or real estate loans may have 10–25 year terms. Enter your loan details below for an instant payment estimate.
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Calculator FAQs
What are current SBA 7(a) loan rates?
SBA 7(a) loan rates are variable, tied to the Prime Rate plus a lender spread. As of 2025, SBA 7(a) rates typically range from 10.5% to 13% APR depending on loan size, term, and lender. The SBA sets maximum allowable rate spreads above Prime. Always verify current rates with your lender.
What is the typical term for an SBA 7(a) loan?
SBA 7(a) terms vary by use: working capital and most business purposes: up to 10 years (120 months); equipment: up to 10 years; commercial real estate: up to 25 years. Shorter terms mean higher monthly payments but less total interest paid.
What is the maximum SBA 7(a) loan amount?
The SBA 7(a) maximum loan amount is $5 million. The SBA guarantees up to 85% of loans under $150,000 and 75% of loans over $150,000. For SBA 504 loans, the maximum SBA debenture is $5.5 million (more for manufacturing and energy projects).
How long does SBA loan approval take?
Traditional SBA 7(a) loans take 4–8 weeks from application to funding. SBA Express loans (up to $500K) are approved within 36 hours but have a lower SBA guarantee. SBA preferred lenders can sometimes process approvals faster. Approvd connects you with preferred SBA lenders to expedite the process.
What are the SBA loan fees?
SBA loans include a guarantee fee based on loan amount and term: loans under $150K: 0%; loans $150K–$700K: 3% of the guaranteed portion; loans $700K–$1M: 3.5%; loans over $1M: 3.75%. The SBA Veteran Advantage program waives fees for veteran-owned businesses on loans under $150K.
Rate Disclosure: APR and total cost of capital vary by lender, loan type, credit profile, and other factors. Rates shown are representative examples only and do not constitute an offer. Actual rates are determined by lenders at the time of application. Applying does not guarantee approval or any specific rate or term.
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