Type the loan amount, rate and years. See your monthly payment, SBA's upfront fee and whether the rate is under SBA's cap. Below that: which SBA loan fits and how to find a lender.
| Example | A month | SBA fee | Interest |
|---|---|---|---|
| $150,000 at 13% (SBA's top variable rate), 10 years | $2,239.66 | $2,550 | $118,760 |
| $40,000 fixed at 14%, 7 years | $749.60 | $680 | $22,967 |
| $600,000 at 10%, 10 years | $7,929.04 | $13,500 | $351,486 |
| $2,000,000 at 10% for a building, 25 years | $18,174.01 | $53,750 | $3,452,210 |
| $500,000 rural business at 9.5%, 10 years | $6,469.88 | $0 | $276,385 |
Hand check, row 1: SBA guarantees 85% of a $150,000 loan, $127,500. The fee for loans of $150,000 or less is 2% of that: $2,550. The monthly rate is 13% ÷ 12 = 1.0833%, and over 120 months the payment is $150,000 × 0.010833 ÷ (1 − 1.010833^−120) = $2,239.66.
Outside checks: a $2,000,000 loan has a $1,500,000 guaranteed part, so the fee is 3.5% × $1,000,000 + 3.75% × $500,000 = $53,750. A $600,000 loan with a 75% guarantee pays 3% × $450,000 = $13,500. Both match lenders' published examples.
| Loan size | Variable max | Fixed max |
|---|---|---|
| $25,000 or less | 13.50% (prime + 6.50) | 15.00% (prime + 8.00) |
| $25,001 to $50,000 | 13.50% (prime + 6.50) | 14.00% (prime + 7.00) |
| $50,001 to $250,000 | 13.00% (prime + 6.00) | 13.00% (prime + 6.00) |
| $250,001 to $350,000 | 11.50% (prime + 4.50) | 12.00% (prime + 5.00) |
| Over $350,000 | 10.00% (prime + 3.00) | 12.00% (prime + 5.00) |
With the prime rate at 7.00% (SBA's Oct. 1, 2026 table). Variable caps are set by law (13 CFR 120.214); SBA posts the fixed caps each month (SBA rate table). These are ceilings: lenders can and often do charge less.
| Loan | SBA guarantee | Upfront fee |
|---|---|---|
| $150,000 or less | 85% | 2% of the guaranteed part |
| $150,001 to $700,000 | 75% | 3% of the guaranteed part |
| $700,001 to $5,000,000 | 75% | 3.5% of the guaranteed part up to $1 million, + 3.75% above |
| 12 months or less | same | 0.25% of the guaranteed part |
| Manufacturers, food supply chain, rural ($700,000 or less) | same | 0% |
For 7(a) loans approved from Oct. 1, 2026 through Sept. 30, 2027 (SBA notice). The lender pays it to SBA and can pass it to you. The lender also pays a 0.55% yearly service fee that it can't pass on to you. Two 7(a) loans within 90 days count as one loan for the fee.
| Program | Size | For | Terms |
|---|---|---|---|
| 7(a) | Up to $5 million | Most uses: working capital, equipment, buying a business, real estate | Up to 10 years; 25 for real estate |
| 504 | Large projects (SBA lists up to $5.5 million) | Buildings, land, long-life machinery | Long-term fixed rate |
| Microloan | Up to $50,000 (average about $13,000) | Starting or growing a small business | Up to 7 years; usually 8% to 13% |
Sources: SBA 7(a) page and SBA lender terms; SBA 504 page; SBA microloans page.
For 7(a) loans, a bank or other lender makes the loan and SBA guarantees part of it, so the lender takes less risk (SBA).
A bank lends up to 50% of the project, a Certified Development Company up to 40% (SBA-backed), and you put in at least 10% (SBA).
Up to $50,000 through nonprofit lenders that also offer business coaching. The average is about $13,000 (SBA).
A variable rate moves with prime, so your payment can change. A fixed rate stays the same, and its cap is a little higher.
A business plan, your credit history, financial projections and collateral, which can be a home, car, inventory or other property (SBA Lender Match).
On SBA's SBA Lender Match, answer a few questions about your business. Lenders that are interested reach out, usually within two days.
Education only, not a loan offer or financial advice. The lender sets your real rate, fees and terms within SBA's rules. Nothing you type is sent or saved by us. No company pays to be on this page, and there are no partner links.
For loans approved Oct. 1, 2026 through Sept. 30, 2027: 2% of the guaranteed part on loans of $150,000 or less, 3% on $150,001 to $700,000, and 3.5% up to $1 million of the guaranteed part plus 3.75% above on larger loans. Example: $150,000 × 85% × 2% = $2,550.
With prime at 7.00%, variable 7(a) caps are 13.5% ($50,000 or less), 13% ($50,001 to $250,000), 11.5% ($250,001 to $350,000) and 10% (over $350,000). Fixed caps are 15%, 14%, 13% and 12%.
At 13% for 10 years, about $2,239.66 a month, with $118,760 of interest over the loan.
7(a) loans (up to $5 million) cover most business needs. 504 loans finance buildings, land and long-life equipment. Microloans are up to $50,000 from nonprofit lenders.
Facts and math only, not tax, legal or financial advice. Rules, rates and fees come from the IRS, state agencies and providers' own pages with dates; confirm with a tax professional, your state or the provider before acting.
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