SBA Loan Calculator
Estimate SBA 7(a) loan payments, total interest, and the guarantee fee. Based on standard amortization.
Independently verified for accuracy
Calculator by Toolsloft ↗- Monthly payment
- 7029.77
- Total interest
- 343572.66
- Guarantee fee
- 15000
- Total paid
- 843572.66
- Total cost (with fee)
- 858572.66
Estimate the monthly payment and total cost of an SBA 7(a) business loan. Enter the loan amount, rate, term, and guarantee fee to see the payment, lifetime interest, and the fee added on top. SBA loans amortize like a standard fixed-rate loan.
How this is calculated
The monthly payment uses the standard amortization formula for a fixed-rate loan over the term in months. The SBA guarantee fee is applied as a percentage of the loan amount and added to total repayment. Guarantee fee tiers vary by loan size and program, so enter the rate your lender quotes.
How to use
- Enter the loan amount and interest rate.
- Set the term in years and the guarantee fee percentage.
- Review the monthly payment, total interest, fee, and total cost.
Examples
- $500K, 11.5%, 10 yr:
payment 7,029.77 with a 3% guarantee fee of 15,000 - $150K, 10%, 25 yr:
payment 1,363.05 with no guarantee fee
FAQ
- What is the SBA guarantee fee?
- It is a one-time fee the SBA charges on the guaranteed portion of the loan. The percentage depends on loan size and program, so enter the figure your lender provides.
- How is the monthly payment calculated?
- With the standard amortization formula for a fixed-rate loan. Your real rate may be variable and tied to the prime rate, so treat this as an estimate.
- Does this include closing costs?
- No. It covers the payment, interest, and guarantee fee. Add packaging, appraisal, or closing costs separately.