SBA 7(a) Loan Calculator
SBA 7(a) loans offer government-backed financing with competitive rates and longer terms for small businesses.
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SBA 7(a) Loan Details
Additional Costs
One-time fee (2-3.75% based on loan amount and term)
Compare Loan Terms
Loan Summary
Monthly Payment
$6,998.94
10 years at 13.00% APR
Loan Details
Total Cost
First Year Payment Breakdown
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $1,920.82 | $5,078.13 | $466,829 |
| 2 | $1,941.62 | $5,057.32 | $464,888 |
| 3 | $1,962.66 | $5,036.28 | $462,925 |
| 4 | $1,983.92 | $5,015.02 | $460,941 |
| 5 | $2,005.41 | $4,993.53 | $458,936 |
| 6 | $2,027.14 | $4,971.8 | $456,908 |
| 7 | $2,049.1 | $4,949.84 | $454,859 |
| 8 | $2,071.3 | $4,927.64 | $452,788 |
| 9 | $2,093.74 | $4,905.2 | $450,694 |
| 10 | $2,116.42 | $4,882.52 | $448,578 |
| 11 | $2,139.35 | $4,859.59 | $446,439 |
| 12 | $2,162.52 | $4,836.42 | $444,276 |
Early payments are mostly interest. Principal portion increases over time.
Principal vs Interest Over Time
Term Comparison
Loan Balance Over Time
💡 Tips
- • Lower down payment requirements than conventional loans
- • Longer repayment terms available
- • Can be used for multiple business purposes
- • No prepayment penalties on loans over 15 years
- • Maximum loan amount is $5 million
⚠️ Important Considerations
- • Lengthy application and approval process (30-90 days)
- • Extensive documentation required
- • Personal guarantee required from owners with 20%+ stake
- • SBA guarantee fee adds to overall cost
- • Cannot be used for investment or speculation
Key Financial Terms
Understand the essential concepts behind this calculator
Frequently Asked Questions
Common questions about the SBA 7(a) Loan Calculator
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⚠️ Important Disclaimer
This SBA 7(a) Loan Calculator provides estimates for educational and informational purposes only. Actual results may vary significantly based on individual circumstances, market conditions, regulatory changes, and other factors beyond the scope of this calculator.
The calculations and projections provided are based on assumptions and historical data that may not reflect future performance.Past performance does not guarantee future results.
This tool is not financial advice, tax advice, legal advice, or investment advice. For personalized guidance tailored to your specific situation, please consult with qualified professionals including:
- Certified Financial Planner (CFP)
- Certified Public Accountant (CPA) for tax matters
- Licensed attorney for legal matters
- Registered Investment Advisor (RIA) for investment decisions
Data Accuracy: All data sources, statistics, and rates were verified as accurate as of October 2025. Tax rates, market conditions, and other financial data change over time. Always verify current rates and consult official sources.
No Warranties: While we strive for accuracy, we make no warranties or guarantees regarding the accuracy, completeness, or reliability of any information provided. Use this tool at your own risk.