Some CDC's charge higher loan rates in certain parts of the U.S. (Rates change monthly). SBA 7(a) loan requirements SBA 7(a) loans are open to a wide range of small businesses that meet the SBA’s size standards , which include revenue or … The interest rate will tell you a lot, but to fully understand the cost of an SBA loan, you’ll need to have more information, including the APR and the total cost of borrowing. Simple SBA Loan Calculator: Mobile friendly and easy to use here. Determine how long it will take to pay off your debt using our repayment calculator. No. A $2,500 legal fee to pay for the CDC/SBA attorney to prepare an Opinion of Counsel for the transaction. To calculate what an SBA loan might cost your business, click here. The SBA’s 504 loan program for limited to purchases of fixed assets and real estate. For SBA loans, rates as of May 2020 are: SBA 7(a) Loan Rates: 6% to 8%; SBA CDC/504 Loan Rates: 3.63% to 6.112%; SBA Microloan Rates: 6.5% to 13%; See source of SBA loans rates. SBA loans feature very attractive interest rates starting at 6.25%. The 504 rate is estimated based on current rates. Small Business Loan Repayment Calculator. The U.S. Small Business Administration (SBA) offers a variety of loan and line of credit programs, but its two most popular are the 7(a) and CDC/504 loans. SBA Paycheck Protection Program (PPP) Loans and How to Calculate Them. The Economic Injury Disaster Loan is a separate loan altogether and you apply directly to the SBA, not to individual lenders. Is This the Free SBA Grant Money I Heard About? Remember, each lender sets its own rates. If your small business meets eligibility requirements, you can get one of several types of 7(a) loans with the SBA as a guarantor. It includes fees to SBA, CDC and central servicing agent. * This is the effective rate. Business Loan Calculator A business loan is often the most straightforward route to securing funding for your business. The success rate for a small business loan application varies from case to case and is also dependent on the lender. Free business loan calculator that deals with complex repayment options and returns real APR/cost of a business or SBA loan. Also, learn more about different types of loans, experiment with other loan calculators, or explore other calculators addressing finance, math, fitness, health, and many more. The SBA uses the same formula to calculate the rate for the bank portion of a CDC/504 loan. Capital CDC offers a variety of small business loans, primarily the SBA 504 Loan Program, throughout Texas. SBA loan rates are among the lowest available of all small business financing options. This calculator estimates payments on a commercial property, offering payment amounts for P & I, Interest-Only and Balloon repayments -- along with providing a monthly amortization schedule. 504 rates are fixed for 20 years, typically at the 10-year Treasury rate plus 2 1/2 to 3%. At the time of this writing, the current prime rate is 3.25%, resulting in the following variable rates: SBA 7(a) Loan Rates. With a 12% interest rate, your monthly payment goes up to $1,112.22 for a total cost of $66,733.34. SBA loans are one of the most desirable and sought-after types of business loans.Many small business owners apply for an SBA loan before exploring other similar options. For a $5,000,000 loan (75% SBA guaranty of $3,750,000), the loan fee is $138,125 calculated as 3.5% of the first $1 million guaranteed ($35,000) plus 3.75% of the remaining guaranteed amount. Rates for the SBA 7(a) loans are broken down by loan amount and loan term. 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