SBA loan calculator

This simple SBA loan calculator helps you understand the cost of your loan. See monthly interest & repayment amounts, as well as total interest & cost.

Page written by AI. Reviewed internally on April 29, 2024.

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This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.

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Monthly payments


Avg. monthly interest


Total interest


Total cost of finance


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How to use our SBA calculator

Our SBA loan calculator can be used to estimate the monthly payments, interest rates, and repayment terms for a Small Business Administration (SBA) loan. It requires input of the loan amount, interest rate and loan term, and provides an estimate of the monthly payment and total cost of the loan. This calculator will then give you a rough idea of the cost of an SBA loan, and help you determine if it fits within your budget.

How to interpret your results

The results of the calculator will show you an estimated loan amount, monthly payment, and total repayment amount for each loan program. The calculator will also provide information on the interest rate, term, and fees associated with each loan program.

It is important to note that the results of the calculator are only estimates and do not guarantee approval or actual loan terms. To get an accurate loan offer, you will need to submit an application to an SBA-approved lender and go through the underwriting process.

How to qualify for an SBA loan

To qualify for a Small Business Administration (SBA) loan, you will typically need to meet the following general requirements:

  1. Have a solid business plan: You will need to provide a detailed business plan that outlines your business strategy, market research, financial projections, and other key details.

  2. Demonstrate good credit: Your personal and business credit scores will be evaluated to determine your creditworthiness.

  3. Show sufficient cash flow: You will need to demonstrate that your business generates enough revenue to make loan payments on time.

  4. Have collateral: You may be required to provide collateral, such as real estate or equipment, to secure the loan.

  5. Meet size standards: Your business must be considered a small business according to SBA size standards.

  6. Be in an eligible industry: The SBA has specific guidelines for which industries are eligible for SBA loans.

  7. Have a solid management team: The SBA will evaluate the experience and qualifications of your management team.

It’s important to note that the specific requirements for SBA loans can vary depending on the type of loan you are applying for and the lender you are working with. To improve your chances of qualifying for an SBA loan, you should work closely with your lender and make sure you have a solid business plan, good credit, and sufficient cash flow.

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