SBA Loan Calculator: Monthly Payment, Upfront Guaranty Fee and Maximum Rate
Enter a loan amount, an interest rate and a term in years. The calculator shows the monthly payment (standard amortization arithmetic), the SBA upfront guaranty fee for that loan size and maturity in the FY 2027 fee notice (effective October 1, 2026) with the guaranteed portion, and the maximum variable rate for that loan size (the prime rate plus a spread) as a check on the rate entered.
Maintained by Archie Chang · Reviewed November 3, 2026 · Methodology & sources
SBA 7(a) loan calculator
Arithmetic on the amounts entered, not an SBA determination and not a lender quote. Enter the loan amount in whole dollars, the annual interest rate and the term in years (and, if needed, additional months).
Example inputs, not a particular loan: the fields start with these amounts.
Monthly payment (standard amortization arithmetic): $6,469.88
$500,000.00 at 9.5% a year over 120 monthly payments, rounded to the nearest cent. Level payments; no balloon payment and no change in the rate are assumed.
Upfront guaranty fee, FY 2027 notice: $11,250.00
- Tier: loan of $150,001 to $700,000, maturity of more than 12 months.
- Guaranteed portion at the maximum guaranty percentage for this size (75%): $375,000.00.
- Fee arithmetic: 3% of $375,000.00, rounded once to the nearest cent.
- The FY 2027 notice lists a 0% upfront fee for loans of $700,000 or less to certain manufacturers, food supply chain businesses and businesses in a rural area; the quoted sentence and its code list are further down this page. The fee shown does not apply those exceptions.
Maximum variable rate for this loan size: 10.00% (prime 7.00% + 3.0 percentage points)
The rate entered, 9.5%, does not exceed that arithmetic maximum. Prime is the Federal Reserve H.15 bank prime loan rate, observation of October 28, 2026. 13 CFR 120.214 sets the base rate as either the prime rate in effect on the first business day of the month, as printed in a national financial newspaper, or the Optional Peg Rate, and sets the initial maximum as of the date SBA receives the loan application. SBA may from time to time permit alternative base rate options (SOP 50 10 8.1 lists SOFR and the 5-year and 10-year Treasury Note rates); this check uses prime only.
How the payment is worked out
The monthly payment is standard amortization arithmetic: payment = P × r ÷ (1 − (1 + r)^−n), where P is the loan amount, r is the annual rate divided by 12 and n is the number of monthly payments. It is arithmetic on the amounts entered, not an SBA or lender calculation. SBA’s “7(a) loans” page, checked on November 3, 2026, said:
“Most 7(a) term loans are repaid with monthly payments of principal and interest from the cash flow of the business”
“Payments stay the same for fixed-rate loans because the interest rate is constant”
“For variable rate loans, the lender may require a different payment amount when the interest rate changes”
How the upfront fee and the guaranteed portion are worked out
The FY 2027 fee notice stated the dates of the loan approvals it covers:
“The following fees are effective for all 7(a) loans approved on October 1, 2026, through and including September 30, 2027.”
“All loan amounts are based on the gross loan approval amount, including the SBA-guaranteed and unguaranteed portions.”
| Loan size | SBA Information Notice 5000-881797 (FY 2027), effective October 1, 2026 | 13 CFR 120.220(a)(1), eCFR title 13 as of October 30, 2026 |
|---|---|---|
| Loans of $150,000 or less (maturity of more than 12 months) | “For loans of $150,000 or less: 2% of the guaranteed portion of the loan. The Lender may retain no more than 25% of the fee (i.e., at least 1.5% must be remitted to SBA).” | “(i) Not more than 2 percent of the guaranteed portion of a loan if the total amount of the loan is not more than $150,000;” |
| Loans of $150,001 to $700,000 (maturity of more than 12 months) | “For loans of $150,001 to $700,000: 3% of the guaranteed portion of the loan.” | “(ii) Not more than 3 percent of the guaranteed portion of a loan if the total amount of the loan is more than $150,000 but not more than $700,000;” |
| Loans of $700,001 to $5,000,000 (maturity of more than 12 months) | “For loans of $700,001 to $5,000,000: 3.5% of the guaranteed portion of the loan up to and including $1,000,000, plus 3.75% of the guaranteed portion over $1,000,000.” | “(iii) Except as provided in paragraph (a)(1)(iv) of this section, not more than 3.5 percent of the guaranteed portion of a loan if the total amount of the loan is more than $700,000; and” |
| Maturity of 12 months or less | “For loans with a maturity of 12 months or less (Short-term loans): 0.25% of the guaranteed portion of the loan.” | “Except to the extent paragraph (a)(2) of this section applies, for a loan with a maturity of twelve (12) months or less, the guarantee fee which the Lender must pay to SBA is one-quarter (1⁄4) of one percent of the guaranteed portion of the loan.” |
For a loan of $700,001 to $5,000,000 the calculator follows the FY 2027 notice: 3.5% of the guaranteed portion up to and including $1,000,000 and 3.75% of the guaranteed portion over $1,000,000. The two documents differ: 13 CFR 120.220(a)(1)(iv) adds 0.25 percent of the guaranteed portion when the total amount of the loan is more than $1,000,000; the notice charges 3.75% on the guaranteed portion over $1,000,000. Both are shown:
“(iv) An additional 0.25 percent of the guaranteed portion of a loan if the total amount of the loan is more than $1,000,000.”
“For loans of $700,001 to $5,000,000: 3.5% of the guaranteed portion of the loan up to and including $1,000,000, plus 3.75% of the guaranteed portion over $1,000,000.”
The fee is a percentage of the guaranteed portion. SOP 50 10 8.1 (effective October 1, 2026) and 13 CFR 120.210 say:
“The total loan amount determines the percentage that is used to calculate this fee. However, the Upfront Fee is based on the guaranteed portion of the loan and not the total loan amount.”
“The maximum allowable guarantee percentage on a loan will be determined by the loan amount. Loans of $150,000 or less may receive a maximum guaranty of 85 percent. Loans more than $150,000 may receive a maximum guaranty of 75 percent, except as otherwise authorized by law.”
“For multiple 7(a) loans approved within 90 days of each other, the gross dollar amounts of the loans are combined. If the combined gross amount exceeds $150,000, then the percentage of guaranty on the combined loans must not be more than 75 percent (subject to the $3,750,000 limit).”
The SOP gave two worked examples, which the calculator reproduces:
“Note 2: For example, the Upfront Fee on a $100,000 loan with an 85% guaranty would be 2% of $85,000 or $1,700, of which the 7(a) Lender may retain $425.”
“Note 3: For example, the Upfront Fee on a $5,000,000 loan with a 75% guaranty ($3.75 million guaranteed portion) would be 3.5% of $1,000,000 ($35,000) PLUS 3.75% of $2,750,000 ($103,125), which totals $138,125.”
Rounding: fees and payments are rounded to the nearest cent, with exact halves rounded up. The FY 2027 notice and the “Calculation of the Upfront Fee” part of SOP 50 10 8.1 state no rounding rule, so a different convention could change a fee or a payment by a cent. For example, a loan of $1,001 has a guaranteed portion of $850.85 and 2% of that is $17.017; the calculator shows $17.02.
How the maximum rate is checked
The maximum variable rate is the base rate plus a spread that depends on the loan size. The prime rate used is 7.00%, the Federal Reserve H.15 bank prime loan rate for the observation of October 28, 2026, read from the data behind our prime rate page. 13 CFR 120.214(c) says:
“(c) Base rate. The base rate will be one of the following: the prime rate or the Optional Peg Rate. The prime rate will be that which is in effect on the first business day of the month, as printed in a national financial newspaper published each business day. SBA may from time to time permit the use of alternative base rate options that are widely adopted for small business commercial lending and will publish notice of such alternative options in the Federal Register. SBA publishes the Optional Peg Rate quarterly in the Federal Register.”
| Loan amount | 13 CFR 120.214(d), eCFR title 13 as of October 30, 2026 | Arithmetic with prime 7.00% |
|---|---|---|
| $50,000 or less | “(1) For all 7(a) loans of $50,000 and less, the interest rate shall not exceed six and a half (6.5) percentage points over the base rate;” | 7.00% + 6.5 percentage points = 13.50% |
| $50,001 to $250,000 | “(2) For all 7(a) loans of more than $50,000 and up to and including $250,000, the maximum interest rate shall not exceed six (6.0) percentage points over the base rate;” | 7.00% + 6.0 percentage points = 13.00% |
| $250,001 to $350,000 | “(3) For all 7(a) loans of more than $250,000 and up to and including $350,000, the maximum interest rate shall not exceed four and a half (4.5) percentage points over the base rate; and” | 7.00% + 4.5 percentage points = 11.50% |
| Greater than $350,000 | “(4) For all 7(a) loans of more than $350,000, the maximum interest rate shall not exceed three (3.0) percentage points over the base rate.” | 7.00% + 3.0 percentage points = 10.00% |
The calculator treats a rate equal to the maximum as within it, because the regulation says the rate “shall not exceed” the base rate plus the spread. The regulation sets the initial maximum as of the date SBA receives the loan application, so the arithmetic with the prime rate shown is a check on the rate entered, not a maximum SBA has set for a particular loan. SBA’s limit on the term is in 13 CFR 120.212(c):
“(c) A maximum of 25 years, including extensions. (A portion of a loan used to acquire or improve real property may have a term of 25 years plus an additional period needed to complete the construction or improvements.)”
The loan amount is taken in whole dollars, because SBA’s size tiers are printed in whole dollars ($150,000 or less; $150,001 to $700,000), so an amount such as $150,000.50 falls between two tiers. The term is entered in years and must be a whole number of months; for example, 7.5 years is 90 months. Two decimals of a year give only terms in multiples of 3 months, so the optional months field adds months to the years (1 year and 1 month is a 13-month term). For the limits, guaranty percentages, rates and fees in full, see the SBA 7(a) loan page.
What this calculator leaves out
The calculator does not include the following items. The SBA wording that bears on each is quoted.
Lender fees: packaging and service fees, late payment fees and the other charges a lender may collect
“Unless otherwise allowed by SBA Loan Program Requirements, the Lender may charge and collect from the applicant or Borrower only the following fees and expenses […]”
“(a) Service and packaging fees. The Lender may charge an applicant reasonable fees (customary for similar Lenders in the geographic area where the loan is being made) for packaging and other services. The Lender must advise the applicant in writing that the applicant is not required to obtain or pay for unwanted services. The applicant is responsible for deciding whether fees are reasonable. SBA may review these fees at any time. Lender must refund any such fee considered unreasonable by SBA.”
“(d) Late payment fee. The Lender may charge the Borrower a late payment fee not to exceed 5 percent of the regular loan payment.”
Variable-rate resets: the payment can change when the base rate changes
“(a) Frequency. The first change may occur on the first calendar day of the month following initial disbursement, using the base rate (see paragraph (c) of this section) in effect on the first business day of the month. After that, changes may occur no more often than monthly.”
“(b) Range of fluctuation. The amount of fluctuation shall be equal to the movement in the base rate. The difference between the initial rate and the ceiling rate may be no greater than the difference between the initial rate and the floor rate.”
“For variable rate loans, the lender may require a different payment amount when the interest rate changes”
The upfront fee, which SBA says may be passed to the borrower or paid from loan proceeds
“Lenders must pay an Upfront Fee (also known as an SBA Guaranty Fee) for each loan guaranteed under the 7(a) program but are permitted to pass the cost of the fee on to the borrower.”
“For a loan with a maturity in excess of twelve (12) months, the Lender must pay the guaranty fee to SBA electronically within 90 days after SBA gives its loan approval. The Lender may charge the Borrower the fee after the Lender has made the first disbursement of the loan. The Borrower may use the loan proceeds to pay the guaranty fee. However, the first disbursement must not be made solely or primarily to pay the guaranty fee.”
“The Borrower may use loan proceeds to pay the Upfront Fee; however, the first disbursement may not be made primarily for the purpose of paying the Upfront Fee.”
Fee exceptions: 0% for some loans of $700,000 or less, and the loan types the FY 2027 notice excepts
“Except for Export Working Capital Program (EWCP) loans, Working Capital Program (WCP) loans, and SBA Express loans made to veteran-owned businesses, the adjusted FY 2027 Upfront Fee, based on gross loan approval amount, including SBA-guaranteed and unguaranteed portions, will be […]”
“For loans of $700,000 or less, to manufacturers (NAICS sectors 31-33), food supply chain (NAICS Codes […]), and businesses that are located in a rural area, the Upfront fee is 0%.”
NAICS codes the notice lists for food supply chain in that sentence: 1111, 1112, 1113, 1121, 1122, 1123, 1124, 1125, 1129, 1141, 1151, 1152, 423820, 4244, 4245, 424910, 445110, 484220 (footnote 1), 484230, 493120, 493130.
“NAICS 484220 and 484230 are limited to refrigerated and frozen trucking, farm products, grain products, and livestock.”
Several loans approved within 90 days of each other
“Upfront Fee calculation for multiple 7(a) loans within 90 Days: The applicable Upfront Fee for the subsequent loan(s) will equal the amount of the fee that would have been charged had the loans been combined, less the fee that was paid or is due to be paid on the first loan approved. The fee will never be a negative amount.”
“For multiple 7(a) loans approved within 90 days of each other, the gross dollar amounts of the loans are combined. If the combined gross amount exceeds $150,000, then the percentage of guaranty on the combined loans must not be more than 75 percent (subject to the $3,750,000 limit).”
A base rate other than the prime rate (the Optional Peg Rate and the alternative base rates), and how the prime rate is read
“(c) Base rate. The base rate will be one of the following: the prime rate or the Optional Peg Rate. The prime rate will be that which is in effect on the first business day of the month, as printed in a national financial newspaper published each business day. SBA may from time to time permit the use of alternative base rate options that are widely adopted for small business commercial lending and will publish notice of such alternative options in the Federal Register. SBA publishes the Optional Peg Rate quarterly in the Federal Register.”
“There are two acceptable Base Rates: The Prime Rate; or The SBA Optional Peg Rate. There are three acceptable Alternative Base Rate options: Secured Overnight Funding Rate (SOFR); or 5-year Treasury Note Rate; or 10-year Treasury Note Rate.”
“The Prime Rate will be that rate which is in effect on the first business day of the month, as identified in a national financial newspaper or website.”
Export Working Capital Program loans, for which the lender terms page said there is no SBA maximum interest rate limit
“Lenders and borrowers negotiate the interest rate and there is no SBA maximum interest rate limit.”
The maximum fixed rate, which SBA publishes separately
“SBA publishes the maximum fixed interest rates on SBA’s FTA wiki.”
“(a) Fixed Rates for Guaranteed Loans. A loan may have a reasonable fixed interest rate. SBA periodically publishes the maximum allowable rate in the Federal Register.”
“SBA will periodically publish the maximum allowable fixed interest rate in the Federal Register. The maximum allowable fixed interest rate will be the Prime rate in effect on the first business day of the month, plus an allowable spread over Prime, as set forth in the most recent Federal Register Notice. For a listing of the current maximum allowable fixed interest rates, go to SBA’s Fiscal Transfer Agent (FTA) Wiki. The maximum allowable fixed rate may only be used by a Lender if such rate will be in effect for the entire term of the loan, without adjustment or reset. Otherwise, the maximum rates for variable rate loans will apply.”
Loan types with other guaranty percentages (SBA Express, Export Express, International Trade)
“For most 7(a) loan programs, SBA guarantees up to 85% of loans of $150,000 or less, and up to 75% of loans above $150,000. However, SBA provides a 50% guaranty on SBA Express loans. SBA provides a 90% guaranty for Export Express, Export Working Capital Program (EWCP), and International Trade loans.”
“Lenders must apply the General Requirements below to all 7(a) loan programs unless a Program Specific requirement listed in this Appendix provides otherwise.”
“The maximum guaranty percentage is: […] For SBA Express loans: 50%.”
The lender’s annual service fee, which the notice said lenders may not pass on to the borrower
“The adjusted FY 2027 Lender’s Annual Service Fee will be 0.55% of the outstanding balance of the guaranteed portion of each loan. This includes 7(a) Working Capital Pilot (WCP) loans.”
“Lenders may not pass the Lender’s Annual Service Fee on to the Borrower.”
Frequently asked questions
How is the monthly payment on an SBA loan calculated?
FedRateCalc’s SBA loan calculator uses standard amortization arithmetic: payment = P × r ÷ (1 − (1 + r)^−n), where P is the loan amount, r is the annual rate divided by 12 and n is the number of monthly payments. It is not an SBA or lender figure. SBA’s 7(a) loans page, checked on November 3, 2026, said “Most 7(a) term loans are repaid with monthly payments of principal and interest from the cash flow of the business”, “Payments stay the same for fixed-rate loans because the interest rate is constant” and “For variable rate loans, the lender may require a different payment amount when the interest rate changes”.
What is the SBA upfront guaranty fee on a 7(a) loan?
SBA Information Notice 5000-881797 (FY 2027), effective October 1, 2026, said, for loans with a maturity that exceeds 12 months, “For loans of $150,000 or less: 2% of the guaranteed portion of the loan. The Lender may retain no more than 25% of the fee (i.e., at least 1.5% must be remitted to SBA).” “For loans of $150,001 to $700,000: 3% of the guaranteed portion of the loan.” “For loans of $700,001 to $5,000,000: 3.5% of the guaranteed portion of the loan up to and including $1,000,000, plus 3.75% of the guaranteed portion over $1,000,000.” It said “For loans with a maturity of 12 months or less (Short-term loans): 0.25% of the guaranteed portion of the loan.” Those amounts do not apply to every loan. The notice said “Except for Export Working Capital Program (EWCP) loans, Working Capital Program (WCP) loans, and SBA Express loans made to veteran-owned businesses, the adjusted FY 2027 Upfront Fee, based on gross loan approval amount, including SBA-guaranteed and unguaranteed portions, will be […]” “For loans of $700,000 or less, to manufacturers (NAICS sectors 31-33), food supply chain (NAICS Codes […]), and businesses that are located in a rural area, the Upfront fee is 0%.” NAICS codes the notice lists for food supply chain in that sentence: 1111, 1112, 1113, 1121, 1122, 1123, 1124, 1125, 1129, 1141, 1151, 1152, 423820, 4244, 4245, 424910, 445110, 484220 (footnote 1), 484230, 493120, 493130. “NAICS 484220 and 484230 are limited to refrigerated and frozen trucking, farm products, grain products, and livestock.” SOP 50 10 8.1 (effective October 1, 2026) gives two examples: “Note 2: For example, the Upfront Fee on a $100,000 loan with an 85% guaranty would be 2% of $85,000 or $1,700, of which the 7(a) Lender may retain $425.” “Note 3: For example, the Upfront Fee on a $5,000,000 loan with a 75% guaranty ($3.75 million guaranteed portion) would be 3.5% of $1,000,000 ($35,000) PLUS 3.75% of $2,750,000 ($103,125), which totals $138,125.”
How is the guaranteed portion of a 7(a) loan worked out?
13 CFR 120.210 (eCFR, title 13 as of October 30, 2026) says “The maximum allowable guarantee percentage on a loan will be determined by the loan amount. Loans of $150,000 or less may receive a maximum guaranty of 85 percent. Loans more than $150,000 may receive a maximum guaranty of 75 percent, except as otherwise authorized by law.” SOP 50 10 8.1 (effective October 1, 2026) says “The total loan amount determines the percentage that is used to calculate this fee. However, the Upfront Fee is based on the guaranteed portion of the loan and not the total loan amount.” FedRateCalc’s SBA loan calculator multiplies the loan amount by the maximum percentage for its size to show the guaranteed portion. SBA’s lender terms page, checked on November 3, 2026, said, of other loan types, “For most 7(a) loan programs, SBA guarantees up to 85% of loans of $150,000 or less, and up to 75% of loans above $150,000. However, SBA provides a 50% guaranty on SBA Express loans. SBA provides a 90% guaranty for Export Express, Export Working Capital Program (EWCP), and International Trade loans.” SOP 50 10 8.1 (effective October 1, 2026) adds “For multiple 7(a) loans approved within 90 days of each other, the gross dollar amounts of the loans are combined. If the combined gross amount exceeds $150,000, then the percentage of guaranty on the combined loans must not be more than 75 percent (subject to the $3,750,000 limit).”
What is the maximum interest rate SBA allows on a variable-rate 7(a) loan?
13 CFR 120.214(d) (eCFR, title 13 as of October 30, 2026) sets the maximum as a spread over the base rate, with “the initial maximum allowable rate for the loan determined as of the date SBA receives the loan application”: “(1) For all 7(a) loans of $50,000 and less, the interest rate shall not exceed six and a half (6.5) percentage points over the base rate;” “(2) For all 7(a) loans of more than $50,000 and up to and including $250,000, the maximum interest rate shall not exceed six (6.0) percentage points over the base rate;” “(3) For all 7(a) loans of more than $250,000 and up to and including $350,000, the maximum interest rate shall not exceed four and a half (4.5) percentage points over the base rate; and” “(4) For all 7(a) loans of more than $350,000, the maximum interest rate shall not exceed three (3.0) percentage points over the base rate.” Paragraph (c) says “The base rate will be one of the following: the prime rate or the Optional Peg Rate.” and “The prime rate will be that which is in effect on the first business day of the month, as printed in a national financial newspaper published each business day.” As arithmetic only, with the bank prime loan rate at 7.00% (Federal Reserve H.15, observation of October 28, 2026), the spreads give maximums of: $50,000 or less, 13.50%; $50,001 to $250,000, 13.00%; $250,001 to $350,000, 11.50%; more than $350,000, 10.00%.
Does the SBA loan calculator include the lender’s own fees?
No. FedRateCalc’s SBA loan calculator leaves out the fees a lender may charge. 13 CFR 120.221 (eCFR, title 13 as of October 30, 2026) says “Unless otherwise allowed by SBA Loan Program Requirements, the Lender may charge and collect from the applicant or Borrower only the following fees and expenses […]” Paragraph (a) says “(a) Service and packaging fees. The Lender may charge an applicant reasonable fees (customary for similar Lenders in the geographic area where the loan is being made) for packaging and other services. The Lender must advise the applicant in writing that the applicant is not required to obtain or pay for unwanted services. The applicant is responsible for deciding whether fees are reasonable. SBA may review these fees at any time. Lender must refund any such fee considered unreasonable by SBA.” Paragraph (d) says “(d) Late payment fee. The Lender may charge the Borrower a late payment fee not to exceed 5 percent of the regular loan payment.”
Can the interest rate on an SBA loan change after closing?
SBA’s 7(a) loans page, checked on November 3, 2026, said “Payments stay the same for fixed-rate loans because the interest rate is constant” and “For variable rate loans, the lender may require a different payment amount when the interest rate changes”. 13 CFR 120.214 (eCFR, title 13 as of October 30, 2026) says “(a) Frequency. The first change may occur on the first calendar day of the month following initial disbursement, using the base rate (see paragraph (c) of this section) in effect on the first business day of the month. After that, changes may occur no more often than monthly.” “(b) Range of fluctuation. The amount of fluctuation shall be equal to the movement in the base rate. The difference between the initial rate and the ceiling rate may be no greater than the difference between the initial rate and the floor rate.” On the base rate it says “(c) Base rate. The base rate will be one of the following: the prime rate or the Optional Peg Rate. The prime rate will be that which is in effect on the first business day of the month, as printed in a national financial newspaper published each business day. SBA may from time to time permit the use of alternative base rate options that are widely adopted for small business commercial lending and will publish notice of such alternative options in the Federal Register. SBA publishes the Optional Peg Rate quarterly in the Federal Register.”
Related pages
Sources
- SBA, “7(a) loans”, checked November 3, 2026: https://www.sba.gov/loans/7a-loans/
- SBA, lender terms page (7(a) loan program: types of 7(a) loans, loan amounts, guaranty, maturity, interest rates, fees), checked November 3, 2026: https://www.sba.gov/sba-lenders/#7a-terms
- SBA, SOP 50 10 8.1, Lender and Development Company Loan Programs, published September 25, 2026, effective October 1, 2026 (posted by SBA as a Word .docx file; quotes come from a text conversion of that file): https://legacy.sba.gov/document/sop-50-10-lender-development-company-loan-programs
- SBA, Information Notice 5000-881797, “7(a) Fees Effective October 1, 2026 for Fiscal Year 2027 and 90-Day Rule Clarification”, published September 3, 2026: https://legacy.sba.gov/document/information-notice-5000-881797-fy-2027-7a-program-fees
- eCFR, 13 CFR 120.210, What percentage of a loan may SBA guarantee?: https://www.ecfr.gov/current/title-13/section-120.210
- eCFR, 13 CFR 120.212, What limits are there on loan maturities?: https://www.ecfr.gov/current/title-13/section-120.212
- eCFR, 13 CFR 120.214, What conditions apply for variable interest rates?: https://www.ecfr.gov/current/title-13/section-120.214
- eCFR, 13 CFR 120.220, Fees that Lender pays SBA: https://www.ecfr.gov/current/title-13/section-120.220
- eCFR, 13 CFR 120.221, Fees and expenses that the Lender may collect from a loan applicant or Borrower: https://www.ecfr.gov/current/title-13/section-120.221
- Federal Reserve, H.15 Selected Interest Rates (bank prime loan rate): https://www.federalreserve.gov/releases/h15/
Reviewed November 3, 2026. Quotes are copied from the documents as they were when we checked on November 3, 2026 (the eCFR: title 13 as of October 30, 2026). Where SBA documents are worded differently, both are shown with their dates. FedRateCalc is not affiliated with the U.S. Small Business Administration; SBA.gov and the eCFR are authoritative.