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SBA Loan Payment Calculator

Before an SBA loan is an approval question it is an affordability question. This gives you the monthly payment and the full cost of the borrowing, so you can check it against the cash the business actually produces.

$
%
years

Monthly payment

$2,066

Total interest paid

$97,950

Total paid over the term

$247,950

This is a standard amortization estimate, not a lender quote. Real SBA loans add guaranty fees and closing costs on top of interest, and rates move with the prime rate over time. Get an actual quote from an SBA-preferred lender before treating this number as final.

How to read this

The monthly payment comes from standard amortisation: each payment covers the interest accrued that month, and whatever is left reduces the principal. Early payments are mostly interest, which is why total interest is far larger than people expect on longer terms.

Term length is the lever most borrowers underuse. Stretching a loan reduces the monthly payment and raises the total interest, sometimes by a lot. Run both and decide deliberately which you are optimising for: monthly cash flow, or total cost.

SBA rates are usually variable and tied to a base rate, so treat the figure here as a snapshot rather than a fixed quote. Your lender's actual terms, fees and any guarantee fee will move the real number.

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Common questions

Does this include SBA fees?
No. It calculates principal and interest only. SBA guarantee fees, packaging fees and closing costs are separate and vary by loan size and program.
Why is my lender's payment different?
Most commonly the rate is variable, the term differs, or fees have been financed into the principal. Ask for an amortisation schedule and compare it against this.
What is a typical SBA loan term?
It varies by use: working capital is often up to 10 years, while real estate can run to 25. Longer terms lower the payment and raise the total interest.

Do this for your own business

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