How do I estimate my monthly SBA loan payments?
- Select Purpose: Choose if you’re buying a new business or real estate.
- Enter Buyout Amount: Input the loan amount using the slider or type the value.
- Set Down Payment: Adjust or leave the default 15% down payment.
- Adjust Term Length: Select how long you want the loan to last (e.g., 10 years).
- Review Payment Info: The estimated monthly payment, fees, and total repayment will appear on the right side of the screen.
How do I estimate the total amount I can borrow?
- Business Start Date: Select the month and year your business started.
- Enter Annual Revenue: Use the slider or input your yearly revenue.
- Last Month’s Deposits: Fill in the deposits made last month.
- Credit Score: Select your estimated credit score range.
- View Results: On the right side of the screen, the tool will estimate the amount you can borrow based on the provided data.