This simple SBA 7a loan calculator helps you understand the cost of your loan. See monthly interest & repayment amounts, as well as total interest & cost.
Page written by Ashlyn Brooks. Last reviewed on January 2, 2025. Next review due October 1, 2027.
Your loan details
This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.
Your results
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When using the Swoop SBA Loan Calculator, you can estimate the costs and repayment structure of an SBA 7(a) loan. The tool allows you to customize details such as the loan amount, interest rate, and term length to receive a comprehensive breakdown of your potential financial commitment.
Let’s walk through how it works and the results it provides.
Once you’ve entered these details, the calculator generates your results.
This tool is designed for illustrative purposes, giving you a snapshot of potential loan scenarios. The actual loan terms should always be confirmed with your chosen lender.
SBA 7(a) loans are calculated much like standard loans, using an amortization formula that considers the loan amount, interest rate, and repayment term. This calculation determines your monthly repayment amount, ensuring the loan is paid off within the agreed term.
What sets SBA 7(a) loans apart is that they often come with competitive interest rates and longer repayment periods, thanks to the SBA’s partial guarantee to lenders.
For example, your monthly payment is determined by combining the principal amount (what you borrow), the annual interest rate divided into monthly increments, and the total number of payments over the loan term. This structure allows you to see exactly how much of your payment goes toward interest and how much reduces your loan balance each month.
At Swoop, our SBA 7(a) Loan Calculator provides you with a clear and personalized estimate of your potential loan payments. This tool helps you understand what your monthly repayments, total interest, and overall financing costs might look like based on your loan amount, interest rate, and repayment term. By giving you a detailed preview of your loan obligations, the calculator allows you to plan your finances with confidence and explore borrowing scenarios tailored to your business needs.
Start by entering your loan amount, the interest rate you expect to pay, and the repayment term that works best for your business. Once you’ve filled in these details, the calculator will provide you with a clear breakdown of your estimated total payments, monthly repayment amount, total interest paid, and overall financing costs.
Of course, this is no guarantee of your repayment but, this process gives you a realistic view of your loan obligations.
The calculator on this page provides estimates on repayment timelines and amounts but cannot tell you what you’re eligible to borrow. For this, you’ll want to contact a lender.
Swoop pairs you with many options in terms of financing and can help you find the right option.
Here at Swoop, we understand how important it is to plan for your business’s future with confidence. That’s why our SBA loan calculator goes beyond simple number crunching. It empowers you to make informed decisions by providing a clear picture of what borrowing will cost you over time.
When you use the Swoop SBA loan calculator, you’re taking the first step toward smarter borrowing. With our platform, you can explore various loan options, compare terms, and even apply directly to the most suitable lenders. We’re here to streamline the process, saving you time and ensuring you secure the funding your business needs to thrive.
Ready to get started? Create your free account, or try our Swoop SBA loan calculator today.
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.
If you have a complaint, please refer to our Complaints Policy.
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