Free Tool

SBA Loan Payment Calculator

Estimate your monthly payment, total interest, and amortization schedule for an SBA 7(a) loan. Updated for 2026 rates.

Typical SBA 7(a) loans range from $50,000 to $5,000,000
Current SBA 7(a) variable rate: Prime + 2.75%
Up to 10 years for working capital, 25 for real estate
Monthly Payment
$6,560
Total Interest Paid $287,200
Total Amount Paid $787,200
Interest-to-Principal Ratio 57.4%

Amortization Summary

Year Annual Payment Principal Interest Remaining Balance

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Related SBA Guides

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SBA 7(a) Loan Amounts, Rates & Terms in 2026
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SBA Loan Requirements 2026: How to Qualify

Frequently Asked Questions

How much is the monthly payment on a $500,000 SBA loan?
At the current SBA 7(a) rate of approximately 9.75% over a 10-year term, a $500,000 SBA loan has a monthly payment of approximately $6,560. Over the life of the loan, you would pay roughly $287,200 in total interest, for a total repayment of $787,200. Rates vary based on lender and borrower qualifications.
What is the current SBA 7(a) interest rate?
SBA 7(a) loan rates are typically based on the Wall Street Journal Prime Rate plus a spread. As of 2026, variable rates for loans over $50,000 are typically Prime + 2.75%, resulting in rates around 9.75%. Fixed-rate options may differ.
What is the maximum term for an SBA 7(a) loan?
Working capital and inventory loans have a maximum term of 10 years. Equipment loans can go up to 10 years (or useful life of the equipment). Real estate loans can be financed for up to 25 years.