SBA Loan Calculator
Calculate monthly payments for SBA 7(a), 504, Express, and Microloans. Understand rates, guarantee fees, and total costs for government-backed business loans.
Most common SBA loan for working capital, equipment, real estate
Typical range: Prime + 2.25% to Prime + 2.75%
SBA 7(a) Loan Details
* SBA guarantee fees are estimates. Actual fees vary by loan amount, term, and lender. Some fees may be financed into the loan.
Understanding SBA Loans
SBA 7(a) Loan
The most common and flexible SBA loan program. Use for working capital, equipment, real estate, refinancing, or business acquisition.
- • Up to $5 million
- • Terms up to 25 years
- • 75-85% SBA guarantee
SBA 504 Loan
For major fixed assets like real estate and heavy equipment. Combines SBA-backed loan with conventional financing.
- • Up to $5.5 million
- • Fixed rates below market
- • 10, 20, or 25 year terms
SBA Express
Faster approval process with response within 36 hours. Higher rates but faster funding.
- • Up to $500,000
- • 36-hour SBA response
- • 50% SBA guarantee
SBA Microloan
Small loans for startups and small businesses. Often available to those who don't qualify for traditional loans.
- • Up to $50,000
- • Average loan: ~$13,000
- • Technical assistance included
Frequently Asked Questions
What are SBA loan requirements?
Generally: 2+ years in business, 650+ credit score, profitable business or strong projections, and no outstanding government debt. Requirements vary by program and lender.
How long does SBA loan approval take?
SBA Express loans can be approved in days. Standard 7(a) loans typically take 30-90 days. 504 loans may take 45-90 days due to the multi-party structure.
What is the SBA guarantee fee?
The SBA charges a guarantee fee based on loan amount and term. It typically ranges from 2-3.5% of the guaranteed portion. This fee can often be financed into the loan.
Can startups get SBA loans?
Yes, though it's more challenging. SBA Microloans and some 7(a) lenders work with startups. You'll typically need strong collateral, personal credit, industry experience, and a solid business plan.