Sba Loan Calculator

Formatting only. This does not change the calculation.
The nominal annual rate (APR before fees), not the monthly rate.
Added to the term in years, for terms such as 5 years and 6 months. To state a tenure purely in months, set the years to 0 and enter the whole tenure here.
Additional principal paid on top of the scheduled payment.
A percentage of the loan withheld at closing. Enter the figure your lender quotes - fee schedules differ by lender and by programme.
Guaranty, packaging, survey or documentation fees withheld from the advance rather than paid separately.
Payment
2,838.70
Loan Payment Calculator
Total interest
90,643.89
Total of payments
340,643.89
Number of payments
120
Payoff time
10 years
Rate per period
0.541667 %
Interest per unit borrowed
0.3626
Interest saved by extra payments
0
Payments saved
0
Loan amount
250,000.00
Annual interest rate
6.5 %
Months to repay
120
Fees deducted at closing
0.00
Net amount advanced
250,000.00
APR
6.5 %
Worked out from Standard annuity-immediate payment formula, PMT = P i / (1 - (1+i)^-n) and 4 other sources.

How this is worked out

3 steps
  1. Rate per period = 6.5% / 12 = 0.541667%
  2. Payment = P i / (1 - (1+i)^-n) = 2838.7
  3. Over 120 payments the total paid is 340643.89, of which 90643.89 is interest.
Amortisation scheduletable
periodpaymentinterestprincipalbalance
12,838.71,354.171,484.53248,515.47
22,838.71,346.131,492.57247,022.9
32,838.71,338.041,500.66245,522.24
42,838.71,329.911,508.79244,013.45
52,838.71,321.741,516.96242,496.49
62,838.71,313.521,525.18240,971.31
72,838.71,305.261,533.44239,437.87
82,838.71,296.961,541.74237,896.13
92,838.71,288.61,550.1236,346.03
102,838.71,280.211,558.49234,787.54
112,838.71,271.771,566.93233,220.61
122,838.71,263.281,575.42231,645.19
132,838.71,254.741,583.96230,061.23
142,838.71,246.161,592.54228,468.69
152,838.71,237.541,601.16226,867.53
162,838.71,228.871,609.83225,257.7
172,838.71,220.151,618.55223,639.15
182,838.71,211.381,627.32222,011.83
192,838.71,202.561,636.14220,375.69
202,838.71,193.71,645218,730.69
212,838.71,184.791,653.91217,076.78
222,838.71,175.831,662.87215,413.91
232,838.71,166.831,671.87213,742.04
242,838.71,157.771,680.93212,061.11
252,838.71,148.661,690.04210,371.07
262,838.71,139.511,699.19208,671.88
272,838.71,130.311,708.39206,963.49
282,838.71,121.051,717.65205,245.84
292,838.71,111.751,726.95203,518.89
302,838.71,102.391,736.31201,782.58
312,838.71,092.991,745.71200,036.87
322,838.71,083.531,755.17198,281.7
332,838.71,074.031,764.67196,517.03
342,838.71,064.471,774.23194,742.8
352,838.71,054.861,783.84192,958.96
362,838.71,045.191,793.51191,165.45
372,838.71,035.481,803.22189,362.23
382,838.71,025.711,812.99187,549.24
392,838.71,015.891,822.81185,726.43
402,838.71,006.021,832.68183,893.75
412,838.7996.091,842.61182,051.14
422,838.7986.111,852.59180,198.55
432,838.7976.081,862.62178,335.93
442,838.7965.991,872.71176,463.22
452,838.7955.841,882.86174,580.36
462,838.7945.641,893.06172,687.3
472,838.7935.391,903.31170,783.99
482,838.7925.081,913.62168,870.37
492,838.7914.711,923.99166,946.38
502,838.7904.291,934.41165,011.97
512,838.7893.811,944.89163,067.08
522,838.7883.281,955.42161,111.66
532,838.7872.691,966.01159,145.65
542,838.7862.041,976.66157,168.99
552,838.7851.331,987.37155,181.62
562,838.7840.571,998.13153,183.49
572,838.7829.742,008.96151,174.53
582,838.7818.862,019.84149,154.69
592,838.7807.922,030.78147,123.91
602,838.7796.922,041.78145,082.13
612,838.7785.862,052.84143,029.29
622,838.7774.742,063.96140,965.33
632,838.7763.562,075.14138,890.19
642,838.7752.322,086.38136,803.81
652,838.7741.022,097.68134,706.13
662,838.7729.662,109.04132,597.09
672,838.7718.232,120.47130,476.62
682,838.7706.752,131.95128,344.67
692,838.7695.22,143.5126,201.17
702,838.7683.592,155.11124,046.06
712,838.7671.922,166.78121,879.28
722,838.7660.182,178.52119,700.76
732,838.7648.382,190.32117,510.44
742,838.7636.512,202.19115,308.25
752,838.7624.592,214.11113,094.14
762,838.7612.592,226.11110,868.03
772,838.7600.542,238.16108,629.87
782,838.7588.412,250.29106,379.58
792,838.7576.222,262.48104,117.1
802,838.7563.972,274.73101,842.37
812,838.7551.652,287.0599,555.32
822,838.7539.262,299.4497,255.88
832,838.7526.82,311.994,943.98
842,838.7514.282,324.4292,619.56
852,838.7501.692,337.0190,282.55
862,838.7489.032,349.6787,932.88
872,838.7476.32,362.485,570.48
882,838.7463.512,375.1983,195.29
892,838.7450.642,388.0680,807.23
902,838.7437.712,400.9978,406.24
912,838.7424.72,41475,992.24
922,838.7411.622,427.0873,565.16
932,838.7398.482,440.2271,124.94
942,838.7385.262,453.4468,671.5
952,838.7371.972,466.7366,204.77
962,838.7358.612,480.0963,724.68
972,838.7345.182,493.5261,231.16
982,838.7331.672,507.0358,724.13
992,838.7318.092,520.6156,203.52
1002,838.7304.442,534.2653,669.26
1012,838.7290.712,547.9951,121.27
1022,838.7276.912,561.7948,559.48
1032,838.7263.032,575.6745,983.81
1042,838.7249.082,589.6243,394.19
1052,838.7235.052,603.6540,790.54
1062,838.7220.952,617.7538,172.79
1072,838.7206.772,631.9335,540.86
1082,838.7192.512,646.1932,894.67
1092,838.7178.182,660.5230,234.15
1102,838.7163.772,674.9327,559.22
1112,838.7149.282,689.4224,869.8
1122,838.7134.712,703.9922,165.81
1132,838.7120.062,718.6419,447.17
1142,838.7105.342,733.3616,713.81
1152,838.790.532,748.1713,965.64
1162,838.775.652,763.0511,202.59
1172,838.760.682,778.028,424.57
1182,838.745.632,793.075,631.5
1192,838.730.52,808.22,823.3
1202,838.5915.292,823.30
Yearly summarytable
yearinterestprincipalendingBalance
115,709.5918,354.81231,645.19
214,480.3219,584.08212,061.11
313,168.7420,895.66191,165.45
411,769.3222,295.08168,870.37
510,276.1623,788.24145,082.13
68,683.0325,381.37119,700.76
76,983.227,081.292,619.56
85,169.5228,894.8863,724.68
93,234.3930,830.0132,894.67
101,169.6232,894.670

Results are general information, not financial, tax, legal, medical or engineering advice.