Estimate your SBA Guaranty Fee, packaging fees, and third-party reports required to close your loan.
Loans under 12 months have a flat 0.25% guaranty fee.
Acquisitions and real estate require costly third-party appraisals.
SBA loans are not free to close. While interest rates are strictly capped to protect borrowers, there are several hard costs associated with underwriting and closing an SBA 7(a) loan. This calculator helps you estimate those upfront costs.
Enter your target loan amount, loan term, and loan purpose. The calculator will automatically apply the current SBA fee tiers (2%, 3%, 3.5%, etc.) to estimate your Guaranty Fee, and dynamically add standard appraisal and environmental fees based on whether you are buying real estate or acquiring a business.
Usually, no. Most lenders will allow you to roll the SBA Guaranty Fee, along with packaging fees and appraisal costs, directly into the total loan amount. This means you finance the closing costs over the life of the loan rather than paying them upfront in cash.
The SBA does not actually lend money; they guarantee a portion of the loan (typically 75% to 85%) made by a traditional bank. The guaranty fee is charged to offset the costs of running the program and covering losses when businesses default. It acts effectively as a mortgage insurance premium.
The SBA allows lenders to charge "reasonable" fees for packaging and processing the loan. The SBA caps these fees based on the loan size. For most standard 7(a) loans, lenders typically charge between $2,500 and $3,500.