BizLeaseCheck

SBA Loan Payment Calculator

Estimate your monthly payment, total interest, and total cost for an SBA 7(a) or 504 business loan using standard amortization.

Tip: Comparing financing options? See our SBA loan document review to understand the terms behind the numbers.

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How to use this SBA loan calculator

  1. Enter your loan amount (the principal you plan to borrow).
  2. Enter the annual interest rate from your offer or term sheet.
  3. Set the term in years; the tool converts it to monthly payments and shows your estimated payment, total interest, and total cost.

For the most reliable estimate, use the exact rate and term from your lender, and remember to add fees and insurance separately.

SBA loan cost checklist

  • Rate type: Is the rate fixed or variable (often tied to Prime)? How often can it reset?
  • Fees: SBA guaranty fee, packaging, and closing costs — are they financed or paid upfront?
  • Term & structure: Is it fully amortizing, or is there a balloon or interest-only period?
  • Insurance & taxes: Are life, hazard, or property insurance and escrow required?
  • Prepayment: Are there prepayment penalties (common on longer-term 7(a) and 504 loans)?

Not sure whether to involve a professional? Read Attorney vs. AI for SBA loan review.

SBA loan calculator FAQs

BizLeaseCheck provides informational analysis and is not financial or legal advice.