This simple SBA 504 loan calculator helps you understand the cost of your loan. See monthly interest & repayment amounts, as well as total interest & cost.
Page written by Ian Hawkins. Last reviewed on June 13, 2024. Next review due October 1, 2027.
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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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An SBA 504 loan assists small businesses in acquiring fixed assets such as real estate and equipment. Administered by the U.S. Small Business Administration (SBA), this loan program works in conjunction with Certified Development Companies (CDCs) and private-sector lenders to provide favorable terms and long-term financing options.
The maximum SBA 504 loan amount varies depending on the project's size and scope. Generally, the SBA can provide up to 40% of the total project cost, with standard projects capped at $5 million and certain projects up to $5.5 million.
The decision between an SBA 504 loan and an SBA 7(a) loan depends on factors such as the intended use of funds, project size and borrower qualifications. SBA 504 loans are typically preferred for long-term fixed-rate financing for real estate or equipment purchases, while SBA 7(a) loans offer more flexibility for various business purposes, including working capital and debt refinancing.
Disclaimer: Swoop Funding LLC (“Swoop”) is a financial technology platform and commercial finance broker, not a lender. Swoop does not provide loans or make credit decisions. We match US-based firms with third-party lenders, equity funds, and grant agencies. All financing is subject to lender credit approval and the specific terms and conditions of the funding provider.
Broker Compensation Disclosure: Swoop provides its platform and matching services to applicants at no direct cost. We receive compensation in the form of a commission or referral fee from the finance providers in our network upon successful placement. This compensation may vary by provider and product. In certain instances, the commission paid to Swoop may influence the interest rate or terms offered by the lender, which can affect the total amount payable under your agreement.
Credit Authorization & FCRA Notice: By submitting an application or registering an account, you provide “written instructions” to Swoop under the Fair Credit Reporting Act (FCRA) to obtain your personal and/or business credit profile from consumer reporting agencies. This information is used solely to evaluate your eligibility for financing and to match you with appropriate lenders in our network.
State-Specific Disclosures:
Florida & Utah: Swoop complies with state commercial financing disclosure laws regarding the transparency of terms for non-real estate secured commercial transactions.
Entity Information: Swoop Funding LLC is a Delaware limited liability company. US Headquarters: 43 W 23rd St, New York, NY 10010, United States. Contact: hello@swoopfunding.com
General Terms: Applicants must be 18 years of age or older. All firms must be registered and operating within the United States. SBA loans are issued by private lenders and guaranteed by the U.S. Small Business Administration; Swoop is not a government agency. Please review our Terms of Use and Privacy Policy for full details.
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