# SBA loan calculator

Source: https://businessloanbroker.ai/tools/sba-loan-calculator/
Site: BusinessLoanBroker.ai (powered by Levr)

> Estimate an SBA 7(a) loan payment from prime plus spread and the term, including the SBA guarantee fee. Free and instant.

SBA 7(a) rates are prime plus a spread the SBA caps. Enter the amount, today's prime rate, the spread your lender quotes, and the term.

## How does SBA pricing work?

The lender sets the rate as prime plus a spread, and the SBA caps the spread by loan size and term. Rates are usually variable and adjust with prime. The SBA also charges a guarantee fee on the guaranteed portion of larger loans, which lenders typically finance into the loan. Read [SBA 7(a) loans](https://businessloanbroker.ai/business-loans/sba-7a-loans/) for the full picture, and compare with [SBA 504](https://businessloanbroker.ai/compare/sba-7a-vs-504/) for real estate and equipment.

## How is the guarantee fee estimated here?

The estimate applies a typical fee percentage to the guaranteed portion (75% on loans over $150,000) and assumes no fee on smaller loans, which matches the SBA's recent fee schedule. The SBA updates fees each fiscal year, so treat this as an estimate and confirm with your lender.

## Questions and answers
**Can the rate be fixed?**

Some lenders offer fixed rate 7(a) loans at a higher spread. Most are variable and reset quarterly with prime.

**Is there a prepayment penalty?**

Only on terms of 15 years or more, and only in the first three years. Shorter 7(a) loans can be repaid early without penalty.

## Related
- [SBA 7(a) loans](https://businessloanbroker.ai/business-loans/sba-7a-loans/)
- [SBA 504 loans](https://businessloanbroker.ai/business-loans/sba-504-loans/)
- [SBA 7(a) versus SBA 504 loans](https://businessloanbroker.ai/compare/sba-7a-vs-504/)
- [DSCR calculator](https://businessloanbroker.ai/tools/dscr-calculator/)

## Apply
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