SBA Loan Calculator & Current Rates

When it comes to securing financing for your small business, understanding your loan payments and costs is crucial. GoSBA Loans offers a comprehensive SBA 7(a) business loan calculator to help you visualize your loan payments and create an amortization schedule.

Working Capital
Real Estate
Total Payments
120 monthly payments
Total Interest Paid
Total Financing Cost*

Monthly SBA Loan Payment*


Note: Estimated payments, not including taxes and insurance. Actual payments may vary.


Understanding Your Loan Payments

Our loan calculator allows you to enter different loan amounts, interest rates, and terms to estimate your monthly and yearly payments. It also provides an amortization table, showing how your loan balance will decrease over time.


Small Business Loans Rates and Terms Comparison

Loan Type Interest Rate Loan Amount Repayment Term
SBA 7(a) 9.50% – 11.25% $5,000 – $5 million 7 – 25 years
SBA 504 8.50% ± 1% $500,000 – $20 million 10/20/25 years
SBA Express 13.00% – 15.00% $25,000 – $500,000 7 – 25 years

Based on the current Prime Rate, 8.5%. Last updated Jul 3, 2024.


Current Index Rates

Rate Percentage
Federal Funds Rate 5.33%
30-Year Treasury 4.53%
10-Year Treasury 4.36%
7-Year Treasury 4.33%
5-Year Treasury 4.33%
WSJ Prime 8.5%
SOFR 30-day 5.33%
SOFR 90-day 5.35%

Last updated: Jul 3, 2024.


Understanding SBA 7(a) Loans

The SBA 7(a) loan is a popular choice for small business owners due to its flexibility and favorable terms. The SBA guarantees a portion of the loan, reducing the risk for lenders and making it easier for businesses to qualify.


SBA 7(a) Quick Look

  • Interest Rates: 9% to 11.50%
  • Loan Amount: $50,000 to $5 million
  • Loan Term: 10 to 25 years
  • Recourse: Fully Recourse
  • Amortization: Up to 25 years


What Are the Differences Between SBA Small Business Loan Options?

Loan Name Summary
SBA 7(a) Standard Loan In five to 10 days, you can get a loan of up to $5 million. SBA guarantees 75% to 85% of this loan.
SBA 7(a) Small Loan For loans of up to $350,000.
SBA 7(a) Express Loan For loans under $500,000. Turnaround time within 36 hours. The SBA will only guarantee 50% of this loan.
SBA 7(a) 504 Loan This loan is used for economic development and can’t be used for working capital or inventory. It often has a lower down payment and lower fees.
SBA 7(a) CAPLines Loan This is a line of credit for businesses’ cyclical or short-term needs.
SBA Export Working  Capital Program Loan For businesses that can generate export sales and that need additional working capital to support these sales.
SBA Export Express Loan This loan gives exporters a more efficient way to get financing backed by the SBA for loans and lines of credit of up to  $500,000.
SBA Veterans Advantage Loan For small business owners owned at least 51% by veterans.


Who Qualifies for an SBA 7(a) Loan?

Eligibility is determined on a case-by-case basis, but generally, you will need to:

  • Intend to do business in the United States
  • Demonstrate a need for funding
  • Have a legitimate business proposal
  • Show efforts to fund your business through personal assets or other financial resources
  • Meet the SBA’s size standards for a small business


How Can SBA 7(a) Loans Be Used?

SBA 7(a) loans can be used for a variety of business needs, including:

  • Startup costs
  • Buying a business
  • Commercial real estate
  • Working capital
  • Equipment and supplies
  • Refinancing debt


Maximum SBA 7(a) Loan Amount

Up to $5 million, with the SBA guaranteeing up to $3.75 million.


Down Payment Requirement

A minimum down payment of 10% is generally required.


Using the GoSBA Loan Calculator

Our business loan calculator is designed to help you understand your potential loan payments. By inputting your loan amount, interest rate, and term, you can see your monthly and yearly payments and how your loan balance will change over time.


Get a Free SBA Loan Quote

At GoSBA Loans, we make it easy to find out how much you can borrow with an SBA 7(a) loan. By filling out our form, you can receive an estimate and connect with qualified lenders. It’s free and comes with no obligation.


Speed Up the SBA Loan Approval Process

For faster approval, consider SBA Preferred or SBA Express lenders. While SBA Express loans have a maximum amount of $500,000, they offer quicker turnaround times.


Related Questions

Can I use the business loan calculator for different types of loans?
Yes, our calculator can estimate payments for various loans, including commercial real estate and equipment financing.

How can I stay updated on the latest interest rates for business loans?
Visit our rates page for the most current information on business loan interest rates. We update this page regularly to help you make informed financing decisions.


Learn More and Get Financing Today

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Ishan Jetley

Ishan Jetley is the founder and managing director of GoSBALoans. Ishan has helped fund more than 400 businesses. He has helped businesses raise $150 million in SBA working capital, inventory and commercial property loans.

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