Small Business Loan Payment Calculator
Planning to finance your business with an SBA or term loan? Enter your loan amount, interest rate, and repayment term to see your estimated monthly payment and total cost of borrowing.
About this calculator
Calculate your monthly payment, total interest, and total repayment on an SBA or small business term loan based on amount, rate, and term.
Frequently Asked Questions
What interest rate should I use for an SBA loan?
SBA 7(a) loan rates are typically tied to the prime rate plus a lender spread, commonly ranging from 7% to 11%. Check current rates with your lender for an accurate figure.
Does this include SBA guarantee fees?
No, this calculator only estimates principal and interest payments. SBA loans often include an upfront guarantee fee that adds to your total borrowing cost.
Can I use this for other business loans?
Yes, this calculator works for any fixed-rate term loan, including equipment financing and conventional bank loans.