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SBA Loan Calculator

Do I Qualify?

  • Over 6 months in business
  • Annual revenue exceeding $160,000
  • Credit score of 575 or better

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

How much do you need?
Estimated Interest Rate
Loan Term
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Table of Contents

  • Estimating Your Monthly Payments
  • How To Use
  • Understanding Your Results
  • Final Thoughts

SBA Loan Calculator - Estimate Your Monthly Payments

Before you apply for an SBA loan, use the Fast Capital 360 SBA loan calculator to see what your monthly payments could look like and what the total cost of capital may be. Loans backed by the U.S. Small Business Administration (SBA) are considered among the most favorable business loans available, offering extended repayment periods and lower interest rates than many other forms of small business 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.

Here’s what you’ll need to estimate your payments using our SBA loan calculator:

  • 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 loan calculator:

  • The desired loan amount. You can finance as much as $5 million.
  • The estimated interest rate. Interest rates for SBA loans start at 7.25%. Depending upon the SBA program, your interest rate may be fixed or variable. If you have a variable interest rate, be aware that the SBA loan payment 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 many other types of small business financing.

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

Use our SBA loan calculator to estimate the costs of any type of SBA loan. For instance, you can use our tool as an:

  • SBA 7a loan calculator
  • SBA Express loan calculator
  • SBA commercial real estate loan calculator
  • SBA commercial loan calculator

Understanding Your SBA Loan Calculator Results

The SBA business loan calculator will output the monthly payment, the total repayment amount and the cost of the loan. 

Here’s what the SBA loan calculator 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.

With this information, it’s easy to use an SBA loan calculator to evaluate different SBA financing options, whether you’re comparing loan amounts or choosing between a 5- or 25-year term.

An Example of How to Use the SBA Loan Calculator

Let’s say Ingrid’s Ice Cream Shoppe needs a $150,000 loan for renovations and new equipment. Ingrid applies for a 7a loan and is approved for her desired loan amount at an 8% interest rate over the course of 10 years. Ingrid wants to estimate her costs so she uses the SBA 7a loan calculator.

By entering her loan term, loan amount and interest rate into the SBA loan calculator, we’ll see that Ingrid will be required to pay $1,820 monthly for 120 months. 

SBA Loan Interest Rates and Fees 

Find out what your SBA loan payments could look like by reviewing the associated interest rates and fees. Then input these into the SBA loan calculator to estimate your costs.

SBA 7a Loan Rates & Fees

There are several different loan programs offered under the SBA 7a umbrella, and rates and fees vary by loan type. However, interest rates for 7a loans are comparable to traditional term loans. Rates are most often variable and set by the lender, but they cannot exceed the SBA maximum. Consider the maximum interest rates and fees noted below when using the SBA 7a loan calculator.

Standard 7a Loans

For Standard 7a 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, equipment financing and working capital loans come with terms up to 10 years.

Loan AmountLess than 7 YearsMore than 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 7a loan amounts can go up to $5 million per borrower.

SBA Express Loans

When you’re using the SBA Express loan calculator, note that 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 7a loans, but loan amounts can’t exceed $350,000. Additionally, 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 7a loans, but the maximum maturity on a CAPLine must not exceed 10 years (5 years for Builder CAPLines).

Alternative Lending Options for Small Businesses

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 SBA loan 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 now.

A qualified Fast Capital 360 Business Advisor will contact you and guide you through the entire funding process, starting with gaining a deep understanding of your individual funding needs. 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 programs with the most favorable terms.

If you have questions or want to learn more about your SBA loan calculator results, call us at (800) 735-6107 to speak directly with one of our dedicated advisors.