PROFITTHEORY

SBA rates and fees

SBA loan interest rates, terms and fees

SBA loan rates are set by the lender, usually as a base rate (often Prime) plus a spread that the SBA caps by loan size. Terms depend on what the money is for. There may also be an SBA guarantee fee and lender fees. Caps and fees change — check SBA.gov for current numbers.

Estimate my SBA payment with your financing specialist Estimate a payment

Estimates only. Results vary. No guarantee of approval, rates or savings.

Profit Theory is not a lender. Providers make all funding decisions; approval is never guaranteed.

How the rate is built

Most SBA 7(a) loans are variable, adjusting with the base rate. Fixed-rate options exist with different caps. Your actual rate depends on the lender and your file.

Terms depend on the use of funds

Real estate typically gets the longest terms, equipment is often tied to its useful life, and working capital and business acquisitions are usually shorter than real estate. Longer terms lower the payment but increase total interest.

Fees to ask about

Ask for a written list: SBA guarantee fee (and whether it's financed), packaging or closing fees, third-party costs like appraisals, and any prepayment penalty on longer-term loans.

Run the numbers

Blue = you enterGreen = calculatedGray = assumptionAmber/red = check this
$
% APR

Use a rate you were quoted, or test a range. Not a quote.

years

10 years / 120 months

% of loan

Estimated monthly payment

$3,234.94

Total interest

$138,193

Total repaid

$388,193

Fixed-rate, fully amortizing estimate. Excludes variable-rate changes, prepayment terms, guarantee fees and closing costs unless entered. Not an offer or approval.

Talk to a financing specialistOptional. Your result stays on this page.

Estimates only. Results vary. No guarantee of approval, rates or savings.

Talk with a financing specialist

Common questions

What is the current SBA interest rate?

There's no single rate. It's the lender's base rate plus a spread within SBA maximums. Check SBA.gov for the current caps.

Are SBA loans fixed or variable?

Both exist; many 7(a) loans are variable. Ask the lender how and when the rate adjusts.

Can I prepay an SBA loan?

Often yes, but some longer-term loans carry a prepayment fee in the early years. Confirm with the lender.