SBA 7(a) Loan Calculator
Calculate monthly payments and fees for SBA 7(a) commercial real estate loans with up to 90% financing.
Max $5M for SBA 7(a)
Typically Prime + 2.25% to 2.75%
About SBA 7(a) Loans
The SBA 7(a) loan program is the SBA's primary lending program for small businesses. It offers up to 90% financing with competitive rates.
Key Features:
- Up to $5 million loan amount
- Up to 25 years for real estate
- Lower down payments (10-20%)
- No balloon payments
- 85% guarantee up to $150K, 75% above
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Frequently Asked Questions
What is the minimum down payment for SBA 7(a)?
Can be as low as 10% for real estate acquisitions, which is significantly lower than the 25-30% required for conventional commercial loans.
Can I use SBA 7(a) to buy an apartment building?
No. SBA loans are for "owner-occupied" business properties (51%+ occupancy by your business). They cannot be used for passive investment properties.
Is the SBA 7(a) interest rate fixed or variable?
Most are variable, tied to the Prime Rate + a spread (max 2.75% usually). Fixed rates exist but are harder to find.
How long does it take to fund?
SBA loans are notorious for paperwork. Expect 60-90 days to close, though "Preferred Lenders" (PLP) can move faster.
Is a personal guarantee required?
Yes. Any owner with >20% equity in the business must typically provide a simplified or full unlimited personal guarantee.