The SBA loan calculator will show you the monthly payment. This is the exact amount you’ll need to repay each month in both interest and principal.
It should be straightforward to utilize our SBA loan calculator to compare all types of SBA debt. You’ll see a difference in loan amounts, interest rates and repayment terms.
To be clear, definitions are below.
- Loan amount: This is the total amount of debt you will owe to the lender.
- Interest rate: This is the proportion of the loan that is charged as interest to you. It is shown as an annual percent of the outstanding debt.
- Repayment term: This is the amount of time the debt will be outstanding. The loan may be fully amortized or partially amortized in which case there will be a balloon payment at the end of the repayment term.
