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SBA loan cost estimator

See the federal maximum for your loan, the payment, and the total cost in dollars.

SBA program

Three programs, priced and capped separately, never blended. 7(a) standard and Express are variable or fixed and capped by federal law; 504 is a fixed, below-market real-estate and heavy-equipment loan.

Rate type

7(a) caps are spreads over WSJ Prime, 6.75% as of Jul 2026. The SBA Optional Peg (4.75%) is an alternative base; alternative base rates do not lower the ceiling, which stays anchored to Prime plus the allowed spread.

Federal maximum interest rate for this loanFact12.75%13 CFR 120.214(d): the codified variable-rate ceilingThis is a legal ceiling, not a promise of the rate. A quote above it is not a valid SBA rate.
Realized center10.69%honest default, size-indexed
Best-qualified floor8.75% to 9.50%directional estimate
Loan amount$250,000
Interest rate10.69%
Estimated monthly payment$3,400 / mo
Estimated total repaid$408,003
Total interest cost$158,003
SBA guaranty fee$5,625
How this is estimatedApproximate

Estimate only. A partner's written offer controls.

Estimate details and sources

Actual amounts, rates, and terms are set by the SBA lender, not by OpenQuote, and depend on your credit, business, collateral, and the lender. The federal maximum is a legal ceiling, not a promise of the rate, so your rate will differ. The figures shown are federal-regulatory and market data as of Jul 2026, not OpenQuote pricing. Ask for the guaranty fee and any packaging fee in writing.

  1. 13 CFR 120.214(d): the codified 7(a) variable-rate ceiling, spreads of 6.5 / 6.0 / 4.5 / 3.0 points over the base rate by loan size, which render 13.25% / 12.75% / 11.25% / 9.75% at WSJ Prime 6.75%. Larger loans cap lower.
  2. 13 CFR 120.213 and Federal Register notice 2022-16162: the SBA-published 7(a) fixed-rate maximum, spreads of 8 / 7 / 6 / 5 points, which render 14.75% / 13.75% / 12.75% / 11.75% at Prime 6.75%. 13 CFR 120.215 was removed in 2022 and no longer exists.
  3. SBA program pages and SOP 50 10 8: the SBA Express two-tier ceiling (Prime + 6.5% to $50,000, Prime + 4.5% above) and the 85% / 75% guaranty shares.
  4. SBA Information Notice 5000-872051 (FY2026 7(a) fees): the one-time guaranty fee of 2% / 3% / 3.5% on the guaranteed portion by loan size, 0.25% for short-term loans.
  5. SBA Federal Register Interest Rates notice FR 2026-13159: the Optional Peg 4.75% and the 504 statutory maximum of 6% over New York Prime.
  6. CDC and 504 debenture publishers (SomerCor, Growth Corp, TMC), July 2026 print: the fixed 504 effective rate 6.17% to 6.20% by term, about 5.9% for manufacturers, over a raw debenture near 5.0%.
  7. PeerSense 2026 SBA Lending Report and SBA FOIA analyses: the size-indexed realized 7(a) center, about 11.4% under $150,000 stepping down to about 9.2% at $2 million and above (single-vendor, directional).

Federal-regulatory and educational market data with full citations on file in substantiation/sba-pricing-2026-07.md. Not OpenQuote partner pricing, and not a quote.

The 7(a) ceiling is federal law, so a quote above it is out of bounds as a fact. See the full explainer

An SBA loan pairs a long repayment term with a federal rate ceiling. See the payment, total interest, and applicable cap for the selected program. Nothing you enter here is collected.

How to read this estimate

For 7(a), the federal maximum depends on loan size and rate type. The market center and floor are directional references; the ceiling is the legal cap represented by the calculator.

The estimate amortizes the selected rate and shows the typical guaranty fee separately. The lender note and fee schedule control the final cost.

This educational estimate cannot predict approval or partner pricing. Confirm every final number and fee in the partner's written agreement.

Learn how SBA loans are priced