SBA 7(a) payment calculator
A 7(a) loan's monthly payment is a standard amortization: the amount and an upfront fee, if you finance it, paid down over the term at a fixed rate, in equal monthly installments. Enter your own numbers below for the full month-by-month schedule and a CSV you can keep, save, or hand to your accountant.
Median from SBA records through June 30, 2026: Prime 6.75% plus 2.00.
Computed from the loan amount, SBA's fiscal year 2026 guaranty fee schedule. Edit it if your lender has quoted a different figure.
$15,039
$604,713 in interest over the term. $1,804,713 total, principal and interest.
Amortization schedule
| # | Date | Payment | Interest | Principal | Balance |
|---|---|---|---|---|---|
| 1 | 2026-09-01 | $15,039 | $8,750 | $6,289 | $1,193,711 |
| 2 | 2026-10-01 | $15,039 | $8,704 | $6,335 | $1,187,376 |
| 3 | 2026-11-01 | $15,039 | $8,658 | $6,381 | $1,180,995 |
| 4 | 2026-12-01 | $15,039 | $8,611 | $6,428 | $1,174,567 |
| 5 | 2027-01-01 | $15,039 | $8,565 | $6,474 | $1,168,093 |
| 6 | 2027-02-01 | $15,039 | $8,517 | $6,522 | $1,161,571 |
| 7 | 2027-03-01 | $15,039 | $8,470 | $6,569 | $1,155,002 |
| 8 | 2027-04-01 | $15,039 | $8,422 | $6,617 | $1,148,385 |
| 9 | 2027-05-01 | $15,039 | $8,374 | $6,665 | $1,141,720 |
| 10 | 2027-06-01 | $15,039 | $8,325 | $6,714 | $1,135,006 |
| 11 | 2027-07-01 | $15,039 | $8,276 | $6,763 | $1,128,243 |
| 12 | 2027-08-01 | $15,039 | $8,227 | $6,812 | $1,121,431 |
| 13 | 2027-09-01 | $15,039 | $8,177 | $6,862 | $1,114,569 |
| 14 | 2027-10-01 | $15,039 | $8,127 | $6,912 | $1,107,657 |
| 15 | 2027-11-01 | $15,039 | $8,077 | $6,962 | $1,100,695 |
| 16 | 2027-12-01 | $15,039 | $8,026 | $7,013 | $1,093,682 |
| 17 | 2028-01-01 | $15,039 | $7,975 | $7,064 | $1,086,618 |
| 18 | 2028-02-01 | $15,039 | $7,923 | $7,116 | $1,079,502 |
| 19 | 2028-03-01 | $15,039 | $7,871 | $7,168 | $1,072,334 |
| 20 | 2028-04-01 | $15,039 | $7,819 | $7,220 | $1,065,114 |
| 21 | 2028-05-01 | $15,039 | $7,766 | $7,273 | $1,057,841 |
| 22 | 2028-06-01 | $15,039 | $7,713 | $7,326 | $1,050,515 |
| 23 | 2028-07-01 | $15,039 | $7,660 | $7,379 | $1,043,136 |
| 24 | 2028-08-01 | $15,039 | $7,606 | $7,433 | $1,035,703 |
| 25 | 2028-09-01 | $15,039 | $7,552 | $7,487 | $1,028,216 |
| 26 | 2028-10-01 | $15,039 | $7,497 | $7,542 | $1,020,674 |
| 27 | 2028-11-01 | $15,039 | $7,442 | $7,597 | $1,013,077 |
| 28 | 2028-12-01 | $15,039 | $7,387 | $7,652 | $1,005,425 |
| 29 | 2029-01-01 | $15,039 | $7,331 | $7,708 | $997,717 |
| 30 | 2029-02-01 | $15,039 | $7,275 | $7,764 | $989,953 |
| 31 | 2029-03-01 | $15,039 | $7,218 | $7,821 | $982,132 |
| 32 | 2029-04-01 | $15,039 | $7,161 | $7,878 | $974,254 |
| 33 | 2029-05-01 | $15,039 | $7,104 | $7,935 | $966,319 |
| 34 | 2029-06-01 | $15,039 | $7,046 | $7,993 | $958,326 |
| 35 | 2029-07-01 | $15,039 | $6,988 | $8,051 | $950,275 |
| 36 | 2029-08-01 | $15,039 | $6,929 | $8,110 | $942,165 |
| 37 | 2029-09-01 | $15,039 | $6,870 | $8,169 | $933,996 |
| 38 | 2029-10-01 | $15,039 | $6,810 | $8,229 | $925,767 |
| 39 | 2029-11-01 | $15,039 | $6,750 | $8,289 | $917,478 |
| 40 | 2029-12-01 | $15,039 | $6,690 | $8,349 | $909,129 |
| 41 | 2030-01-01 | $15,039 | $6,629 | $8,410 | $900,719 |
| 42 | 2030-02-01 | $15,039 | $6,568 | $8,471 | $892,248 |
| 43 | 2030-03-01 | $15,039 | $6,506 | $8,533 | $883,715 |
| 44 | 2030-04-01 | $15,039 | $6,444 | $8,595 | $875,120 |
| 45 | 2030-05-01 | $15,039 | $6,381 | $8,658 | $866,462 |
| 46 | 2030-06-01 | $15,039 | $6,318 | $8,721 | $857,741 |
| 47 | 2030-07-01 | $15,039 | $6,254 | $8,785 | $848,956 |
| 48 | 2030-08-01 | $15,039 | $6,190 | $8,849 | $840,107 |
| 49 | 2030-09-01 | $15,039 | $6,126 | $8,913 | $831,194 |
| 50 | 2030-10-01 | $15,039 | $6,061 | $8,978 | $822,216 |
| 51 | 2030-11-01 | $15,039 | $5,995 | $9,044 | $813,172 |
| 52 | 2030-12-01 | $15,039 | $5,929 | $9,110 | $804,062 |
| 53 | 2031-01-01 | $15,039 | $5,863 | $9,176 | $794,886 |
| 54 | 2031-02-01 | $15,039 | $5,796 | $9,243 | $785,643 |
| 55 | 2031-03-01 | $15,039 | $5,729 | $9,310 | $776,333 |
| 56 | 2031-04-01 | $15,039 | $5,661 | $9,378 | $766,955 |
| 57 | 2031-05-01 | $15,039 | $5,592 | $9,447 | $757,508 |
| 58 | 2031-06-01 | $15,039 | $5,523 | $9,516 | $747,992 |
| 59 | 2031-07-01 | $15,039 | $5,454 | $9,585 | $738,407 |
| 60 | 2031-08-01 | $15,039 | $5,384 | $9,655 | $728,752 |
| 61 | 2031-09-01 | $15,039 | $5,314 | $9,725 | $719,027 |
| 62 | 2031-10-01 | $15,039 | $5,243 | $9,796 | $709,231 |
| 63 | 2031-11-01 | $15,039 | $5,171 | $9,868 | $699,363 |
| 64 | 2031-12-01 | $15,039 | $5,100 | $9,939 | $689,424 |
| 65 | 2032-01-01 | $15,039 | $5,027 | $10,012 | $679,412 |
| 66 | 2032-02-01 | $15,039 | $4,954 | $10,085 | $669,327 |
| 67 | 2032-03-01 | $15,039 | $4,881 | $10,158 | $659,169 |
| 68 | 2032-04-01 | $15,039 | $4,806 | $10,233 | $648,936 |
| 69 | 2032-05-01 | $15,039 | $4,732 | $10,307 | $638,629 |
| 70 | 2032-06-01 | $15,039 | $4,657 | $10,382 | $628,247 |
| 71 | 2032-07-01 | $15,039 | $4,581 | $10,458 | $617,789 |
| 72 | 2032-08-01 | $15,039 | $4,505 | $10,534 | $607,255 |
| 73 | 2032-09-01 | $15,039 | $4,428 | $10,611 | $596,644 |
| 74 | 2032-10-01 | $15,039 | $4,351 | $10,688 | $585,956 |
| 75 | 2032-11-01 | $15,039 | $4,273 | $10,766 | $575,190 |
| 76 | 2032-12-01 | $15,039 | $4,194 | $10,845 | $564,345 |
| 77 | 2033-01-01 | $15,039 | $4,115 | $10,924 | $553,421 |
| 78 | 2033-02-01 | $15,039 | $4,035 | $11,004 | $542,417 |
| 79 | 2033-03-01 | $15,039 | $3,955 | $11,084 | $531,333 |
| 80 | 2033-04-01 | $15,039 | $3,874 | $11,165 | $520,168 |
| 81 | 2033-05-01 | $15,039 | $3,793 | $11,246 | $508,922 |
| 82 | 2033-06-01 | $15,039 | $3,711 | $11,328 | $497,594 |
| 83 | 2033-07-01 | $15,039 | $3,628 | $11,411 | $486,183 |
| 84 | 2033-08-01 | $15,039 | $3,545 | $11,494 | $474,689 |
| 85 | 2033-09-01 | $15,039 | $3,461 | $11,578 | $463,111 |
| 86 | 2033-10-01 | $15,039 | $3,377 | $11,662 | $451,449 |
| 87 | 2033-11-01 | $15,039 | $3,292 | $11,747 | $439,702 |
| 88 | 2033-12-01 | $15,039 | $3,206 | $11,833 | $427,869 |
| 89 | 2034-01-01 | $15,039 | $3,120 | $11,919 | $415,950 |
| 90 | 2034-02-01 | $15,039 | $3,033 | $12,006 | $403,944 |
| 91 | 2034-03-01 | $15,039 | $2,945 | $12,094 | $391,850 |
| 92 | 2034-04-01 | $15,039 | $2,857 | $12,182 | $379,668 |
| 93 | 2034-05-01 | $15,039 | $2,768 | $12,271 | $367,397 |
| 94 | 2034-06-01 | $15,039 | $2,679 | $12,360 | $355,037 |
| 95 | 2034-07-01 | $15,039 | $2,589 | $12,450 | $342,587 |
| 96 | 2034-08-01 | $15,039 | $2,498 | $12,541 | $330,046 |
| 97 | 2034-09-01 | $15,039 | $2,407 | $12,632 | $317,414 |
| 98 | 2034-10-01 | $15,039 | $2,314 | $12,725 | $304,689 |
| 99 | 2034-11-01 | $15,039 | $2,222 | $12,817 | $291,872 |
| 100 | 2034-12-01 | $15,039 | $2,128 | $12,911 | $278,961 |
| 101 | 2035-01-01 | $15,039 | $2,034 | $13,005 | $265,956 |
| 102 | 2035-02-01 | $15,039 | $1,939 | $13,100 | $252,856 |
| 103 | 2035-03-01 | $15,039 | $1,844 | $13,195 | $239,661 |
| 104 | 2035-04-01 | $15,039 | $1,748 | $13,291 | $226,370 |
| 105 | 2035-05-01 | $15,039 | $1,651 | $13,388 | $212,982 |
| 106 | 2035-06-01 | $15,039 | $1,553 | $13,486 | $199,496 |
| 107 | 2035-07-01 | $15,039 | $1,455 | $13,584 | $185,912 |
| 108 | 2035-08-01 | $15,039 | $1,356 | $13,683 | $172,229 |
| 109 | 2035-09-01 | $15,039 | $1,256 | $13,783 | $158,446 |
| 110 | 2035-10-01 | $15,039 | $1,155 | $13,884 | $144,562 |
| 111 | 2035-11-01 | $15,039 | $1,054 | $13,985 | $130,577 |
| 112 | 2035-12-01 | $15,039 | $952 | $14,087 | $116,490 |
| 113 | 2036-01-01 | $15,039 | $849 | $14,190 | $102,300 |
| 114 | 2036-02-01 | $15,039 | $746 | $14,293 | $88,007 |
| 115 | 2036-03-01 | $15,039 | $642 | $14,397 | $73,610 |
| 116 | 2036-04-01 | $15,039 | $537 | $14,502 | $59,108 |
| 117 | 2036-05-01 | $15,039 | $431 | $14,608 | $44,500 |
| 118 | 2036-06-01 | $15,039 | $324 | $14,715 | $29,785 |
| 119 | 2036-07-01 | $15,039 | $217 | $14,822 | $14,963 |
| 120 | 2036-08-01 | $15,072 | $109 | $14,963 | $0 |
Indicative only. Not a quote, a commitment, or an offer of credit. Your lender sets your actual rate after underwriting, inside the SBA cap, and SBALoanLenders does not lend and does not set pricing.
How this is calculated
Every payment is level for the life of the loan except the last one: amount times the monthly rate gives that month's interest, the rest of the payment goes to principal, and the balance carries to the next row. Every fixed-rate installment loan runs this same formula; nothing here is specific to SBA lending.
The rate presets above are real, published figures. The cap comes from Prime plus the maximum spread SBA allows for a loan this size, under 13 CFR 120.213 through 120.215 and SOP 50 10 8. The median, where shown, is the median margin over Prime that lenders charged on loans this size over the trailing year, from the SBA's own FOIA loan records.
What this leaves out
This assumes a fixed rate for the full term. Most 7(a) loans carry a variable rate that resets monthly or quarterly with Prime, so a real schedule's later payments will differ from this one once Prime moves. It does not include closing costs beyond a guaranty fee you choose to finance, servicing fees, or prepayment penalties on the longer terms where SBA permits one. None of those change the arithmetic above; they change what you owe going in or coming out.
Before you use this number
- What rate should I use?
- Your own quote once you have one. Before that, the published cap for your loan size is the one rate this site can state without guessing, and the median lenders actually charged over the last year, where that data is live, is closer to what most borrowers pay. Use either preset, or type a lender's quote directly.
- Why does the last payment differ by a few dollars?
- Every payment before it is rounded to the whole dollar this site prices in. The last payment absorbs whatever that rounding leaves, the same way a real closing statement reconciles its final payment, so the schedule pays the loan to exactly zero rather than a few cents short or over.
- Does this include the guaranty fee?
- Only if you finance it. SBA charges an upfront guaranty fee on the guaranteed portion of a 7(a) loan; this figure is computed from the loan amount using SBA's fiscal year 2026 fee schedule, and financing it raises the payment. Paying it at closing instead leaves the payment unchanged and raises your cash to close. Your lender's own figure at closing is the one that counts if it differs from this one.
- Is this what my lender will quote?
- It is the arithmetic your lender runs, not their quote. Your actual rate depends on credit, collateral, and the deal, and only your lender sets it, after underwriting.