Business Loan Calculator — SBA and Term Loan Payments
Calculate monthly payments for US business loans including SBA 7(a) loans term loans and lines of credit. Compare rates and total cost of borrowing.
Small business financing in the United States offers multiple options from SBA-backed loans (lowest rates but slower process) to online lenders (higher rates but fast funding). SBA 7(a) loans offer rates of Prime + 2.25-4.75% with terms up to 25 years while online business loans may charge 8-30% for shorter terms. Understanding your monthly payment and total cost of capital helps you choose the right financing for your business needs.
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Key Information
| Parameter | Details |
|---|---|
| SBA 7(a) Rate Range | Prime + 2.25% to Prime + 4.75% |
| SBA 7(a) Max Amount | $5,000,000 |
| Online Lender Rates | 8% - 30% APR |
| Average Term Length | 5-10 years (term loans) |
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Use Calculator NowFrequently Asked Questions
How much is the payment on a $250000 business loan?
For a $250000 SBA 7(a) loan at 9% for 10 years the monthly payment is approximately $3165 with total interest of $129800. An online lender at 15% for 5 years charges $5949/month with total interest of $106940. Despite the higher rate the online loan costs less total due to shorter term but the monthly burden is nearly double.
What credit score for SBA loan?
SBA 7(a) loans typically require a personal credit score of 680+ though some lenders approve at 650 with strong business financials. Online lenders may accept scores as low as 500 but at much higher rates. A score above 720 qualifies you for the best SBA rates. Before applying check and improve your credit score and ensure your business has at least 2 years of operating history.
Should I use a business loan or line of credit?
Term loans are best for one-time investments: equipment purchase expansion construction or acquisition. Lines of credit are best for ongoing cash flow needs: inventory seasonal fluctuations or covering gaps between invoicing and payment. Lines of credit charge interest only on what you draw and are reusable making them more flexible but typically at slightly higher rates.
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Last updated: 24 March 2026