Estimate your monthly payments, total interest, and the upfront SBA guarantee fee for your loan.
Most SBA 7(a) loans are WSJ Prime + 2.75% to 3.00%.
Our SBA Loan Payment Calculator helps business owners estimate their exact monthly cash outlay for an SBA 7(a) or 504 loan. Accurately projecting your monthly payments is critical for budgeting and ensuring you have the necessary cash flow to sustain operations post-funding.
This tool utilizes standard amortization formulas used by commercial banks. You input your desired loan amount, the repayment term (typically 10 years for business acquisition or 25 years for real estate), and the expected interest rate. The calculator then computes your fixed monthly payment, breaks down the principal vs. interest paid over the life of the loan, and estimates your upfront SBA Guaranty Fee, which is typically rolled into your total balance.
The vast majority of SBA 7(a) loans feature variable interest rates pegged to the Wall Street Journal (WSJ) Prime Rate. The SBA sets a strict legal maximum on the markup (the "spread") that banks can charge above the Prime Rate.
While fixed-rate SBA 7(a) loans exist, they are extremely rare. Over 90% of 7(a) loans are variable. However, if you are purchasing commercial real estate, the SBA 504 loan offers a fully fixed rate for 10, 20, or 25 years.
Your monthly payment is heavily dictated by your loan term. SBA terms are standardized based on the use of funds:
Yes. In almost all cases, borrowers do not have to pay the SBA Guaranty Fee out of pocket at closing. It is automatically financed into your total loan amount, slightly increasing your monthly payment but saving your upfront liquid cash.