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SBA Loan Calculator

Calculate Your Payments and Total Cost of Borrowing

SBA Loan Qualifications

  • Time in Business:2+ Years
  • Annual Revenue: $50,000
  • Credit Score:650+

Get pre-approved today, so you have the funds you need tomorrow.

Learn More

Table of Contents

  • SBA Loan Calculator - Estimate Your Monthly Payments
  • How to Use the SBA Loan Calculator
  • Understanding Your Results
  • SBA Loan Types
  • Is an SBA Loan Right for Your Business?
  • Alternative Lending Options
  • Final Thoughts

SBA Loan Calculator - Estimate Your Monthly Payments

Loans backed by the U.S. Small Business Administration (SBA) are considered among the most favorable business loans available. Compared to other loan programs, SBA financing programs typically offer more favorable terms, with lower interest rates and extended repayment periods.

However, the application process for an SBA loan can be extensive and lengthy. SBA loans also have strict requirements. So before you apply, use the Fast Capital 360 SBA business loan calculator to see what your monthly payments could look like and what the total cost of capital may be. This way, you can determine how much you can afford over a specific period of time.

Here’s what you’ll need to know:

  • The total amount you’d like to borrow
  • Estimated interest rate
  • The loan repayment term (how long you have to pay off the loan)

How to Use Our SBA Loan Payment Calculator

To calculate your monthly payments and the total cost over the life of your loan, enter the following into the SBA calculator:

  • The desired Loan Amount. You can finance as little as $5,000 or as much as $5 million.
  • The Estimated Interest Rate. Interest rates for SBA loans start at 6%. Depending upon the SBA program, your interest rate may be fixed or variable. If you have a variable interest rate, be aware that this calculator will only give you a rough estimate of the cost of your loan.
  • The Loan Term. One huge benefit of SBA loans is that they have longer terms compared to other small business loans.

Adjust the loan amount and term to see how much of an impact these factors have on repayment.

Understanding the Small Business Loan Calculator Results

The SBA business loan calculator will output the monthly Payment, the Total Repayment Amount and the Cost of the Loan. You can dive deeper into the calculations by selecting the Amortization Table to see a detailed, month-by-month schedule leading up to your final payoff date.

Here’s what the numbers tell you:

  • Payment
    This is the fixed amount you’ll repay each month in principal, interest and fees.
  • Total Repayment Amount
    Your total repayment amount estimates the amount you’ll pay over the life of the loan, including all principal, interest and fees.
  • Cost of the Loan
    This sum represents what the lender is charging you to finance the loan in interest and fees. If you pay off the loan early, you may be able to reduce this number, but be aware of prepayment penalties.
  • Amortization Table
    An amortization table details the loan balance, interest charges and the amount of principal you pay off with each payment.

With this information, it’s easy to evaluate different SBA financing options, whether you’re comparing loan amounts or choosing between a 5- or 10-year term.

What Is an SBA Loan and Is It the Best Financing Option for My Business?

Now that you have calculated what an SBA loan will cost, it’s time to determine if it’s the best financing option for your business. To make this process a bit easier, we’ve outlined what you need to know about SBA financing.

What Is an SBA Loan?

The SBA works with lenders to provide low-interest loans with competitive terms to small businesses. The agency does this by guaranteeing a large percentage of the loans given through several financing programs offered to small business owners—anywhere from 50-85%—lowering the risk involved and making lenders more apt to fund small businesses.

Let’s take a moment to review what these are:

The SBA 7(a) Loan Program

When people refer to SBA loans, this is the program that comes to mind for the majority of the business community. Its popularity is due, in large part, to the flexibility it affords to small business owners as funds can be used for most general business purposes.

There are several different loan programs offered under the SBA 7(a) umbrella. Here are three of the most popular:

Standard 7(a) Loans

Through this program, small businesses can borrow up to $5 million. Interest rates are negotiable, and loans typically reach maturity in 10 years or 25 years depending on how the money is used. The SBA guarantees 75% for loans greater than $150,000 or 85% for loans up to $150,000.

SBA Express Loans

The entire funding process, from application to funding, takes at minimum, 30 to 90 days. Borrowers in need of fast financing should consider SBA Express Loans. Applicants will know within 36 hours whether or not they’ve been approved. The maximum loan amount is $350,000 through this program, and the SBA backs 50% of each loan. For this reason, these loans can be challenging to qualify for, as it presents more risk for the lender.

SBA Lines of Credit (CAPLines)

CAPLines help small businesses meet short-term and cyclical working capital needs. Credit lines up to $5 million are available with maximum repayment terms of 10 years. There are four different lines of credit available under this program designed for specific funding purposes. They are the Seasonal CAPLine, Contract CAPLine, Builders CAPLine and Working Capital CAPLine.

SBA 7(a) Loan Uses

SBA 7(a) loans have very few limitations. Except for CAPLines, which offer distinct lines of credit for specific needs, funds can be used for a variety of purposes, including:

  • Expansion
  • Acquisition of a business
  • Working capital
  • Purchase of equipment.

SBA 7(a) Loan Rates & Fees

Interest rates for 7(a) loans are comparable to traditional term loans. Rates are most often variable and set by the lender, but they cannot exceed the SBA maximum.

Collateral is required for all loans over $25,000. If a business’s fixed assets do not fully secure the loan, borrowers will be required to make a personal guarantee.

Here’s a look at SBA 7(a) rates and fees by loan type:

Standard 7(a) Loans

For Standard 7(a) loans, the interest rate is based on the current prime rate. Lenders can add between 2.25% and 4.75% depending upon the total loan amount and repayment term. For real estate, repayment terms up to 25 years are available. Business acquisitions and equipment financing come with terms up to 10 years, and for working capital loans, the maturity is up to 7 years.

Up to $25,000Base rate + 4.25%Base rate + 4.75%
$25,000- $50,000Base rate + 3.25%Base rate + 3.75%
$50,000 or MoreBase rate + 2.25%Base rate + 2.75%

The SBA charges lenders a one-time guarantee fee up to 3.75% of the guaranteed portion of the loan. In most cases, lenders pass this fee on to the borrower.

SBA Express Loans

Interest rates for SBA Express loans are slightly higher. Lenders can charge the current prime rate, plus an additional 4.5% to 6.5% based on the amount borrowed. Terms are the same for SBA Express as Standard 7(a) loans. A guarantee fee up to 3% can be passed on to the borrower by the lender.


Interest rates and the guarantee fee are the same as 7(a) loans, but the maximum maturity on a CAPLine must not exceed 10 years (5 years for Builder CAPLines).

The SBA CDC/504 Loan Program

The SBA CDC/504 loan program provides small businesses with long-term financing used to acquire and improve major fixed assets. Under the program, a lender partners with a certified development company (CDC), a specialized SBA-certified nonprofit corporation, to finance a loan request.

A lender funds 50% of the total project cost and the CDC funds 40%, with the borrower responsible for 10% of the total project cost.

The SBA backs only the CDC portion of the loan. There is no maximum loan amount for this program, but the maximum amount a CDC can contribute is capped at $5 million.

Collateral is required for this loan type and is typically the real estate or equipment being financed.

SBA CDC/504 Loan Uses

Funds from a CDC/504 loan can be used to update, expand or improve small businesses through the purchase or renovation of land, facilities or equipment. Debt can be refinanced using these funds if the debt was acquired to accomplish one of the uses mentioned above.

SBA CDC/504 Loan Rates & Fees

Interest rates for the CDC portion of the loan are based upon the market ratio rate of 5- and 10-year Treasury issues. That rate is fixed and will not increase over the life of the loan.  The portion funded through a lender will be subject to the lender’s interest rates and can be either fixed or variable. Repayment terms of 10 and 20 years are available for the SBA-backed portion of the loan.

You can expect to be charged both servicing and guarantee fees for the CDC portion of the loan. The bank portion of the loan may come with its own set of fees.

Interest Rate5 Year Treasury (around 2.13%) + 0.38%10 year Treasury (around 2.25%) + 0.48%
CDC Servicing Fee0.625%-2.00%0.625%-2.00%
Central Servicing Agent Fee0.1%0.1%
SBA Guarantee Fee0.914%0.914%
Total Fees & Interest Rates Per Year 3.69%-5.065%4.229%-5.604%


The SBA Microloan Program

If your business is in search of a small amount of funding, the SBA works with nonprofit intermediaries to offer microloans. Through this program, borrowers can receive up to $50,000 in low-interest funding. Collateral may be required, but this decision rests with the lender.

SBA Microloan Uses

Funds from an SBA microloan can be used for many things, including:

You can’t use funds from an SBA microloan to pay any existing debts or to purchase real estate.

SBA Microloan Rates & Fees

Microloan interest rates and fees vary from lender to lender. This is because the SBA does not set these standards. In general, microloan rates fall within the 8 to 13% range. However, the SBA does set a maximum microloan maturity term of 6 years.

Is an SBA Loan Right for Your Business?

The low rates of SBA loans make them an excellent way for many businesses to obtain working capital to manage cash flow or to expand. But they’re not for everyone.

Consider an SBA loan if…

  • You have time
  • You tried and failed to get financing elsewhere
  • You care about cost
  • You have good credit

Look elsewhere if…

  • You need emergency funding
  • You have bad credit

Alternative Lending Options for Small Businesses

As we mentioned, the funding process is involved and lengthy. What’s more, the SBA programs themselves are not easy to qualify for.

If you find that you’re in need of funds fast, or you lack the requirements to qualify for an SBA loan program, consider these alternative products.

Business Term Loans

Similar to a traditional bank loan, a business term loan offers flexibility and stability to borrowers. Loans reach maturity in 5 years or less with a set repayment schedule.

Equipment Financing

A business equipment loan is a financing product used to purchase equipment for your business. Equipment loan terms can range from 1-5 years, with payments that can be made either monthly or weekly depending on the length of the loan and your business’s current financial situation.

Business Line of Credit

A business line of credit provides you with access to funds to spend as your company needs, with repayment terms up to 3 years.

The Bottom Line: SBA Loan Calculator

Now that you’ve plugged the numbers into the Fast Capital 360 small business calculator, you’ve seen just how affordable an SBA Loan can be.

If you’ve been in business 2 years or more, bring in annual revenue of $50,000 and have a credit score of 650 or better, apply.

A qualified Fast Capital 360 Business Advisor will contact you and guide you through the entire funding process, starting with a deep understanding of your individual funding need. From there, he or she will present the funding options you qualify for, which may include an SBA loan program and help you identify those with the most favorable terms.

If you have questions or want to learn more about available SBA funding programs, call us at (866) 675-4361 or click here to speak directly with one of our dedicated advisors.