SBA 504 Loan Calculator. An SBA 504 loan can be used for real estate or machinery. In either case the SBA 504 loan portion maximum is increased to $5.5 million. The limitations of the calculator itself would likely be related to your interest rate. Hit “Calculate” to see an estimate of amortizations of a 504 loan. Once you’ve completed this step take a few minutes to read our blog post Small Business Real Estate Loans to learn all you need to know about securing an SBA 504 or 7(a) loan to purchase real estate. Bank Loan: ISCDC Loan: Use the calculator below to determine how much you can afford to pay for a commercial building based on the monthly payment and other factors. No. The goal of the SBA 504 program is to create and retain jobs through long-term financing of real estate and equipment at a fixed, below-market interest rate. loan amount: Loans are generally capped at $5 million. SBA term is 10, 20 or 25 years, fully amortized. It answers the most frequent questions we get from our Clients and Referral Partners in a matter of seconds! Building Acquisition $ Improvements/Other $ SBA/CDC Fees: Total Project Cost: Project Region. Certain eligible energy-efficient or manufacturing projects may qualify for more than one 504 loan up to $5.5 million each. 504 rates are fixed for 20 years, typically at the 10-year Treasury rate plus 2 1/2 to 3%. Simple SBA Loan Calculator gives you the estimated monthly payments of an SBA 7(a) loan based on loan purpose, down payment, term and interest rate selected. Processing, initiation and funding fees. Currently, SBA 504 loan interest rates are 4.66% for a 20-year loan and 4.49% for a 10-year loan. Unlike other SBA loans, the SBA 504 loan program offers lower up-front fees and fixed interest rates, a huge bonus given the recent trend of rising interest rates. Calculate your monthly loan payments for a small business loan to help you buy, start or expand a business. 90% financing generally does not require additional collateral. You can get a brief review of your project utilizing 504 financing by inserting your estimated project costs into the blanks below. SBA Rate is FIXED at the time of the debenture sale. Subscribe. This Calculator will provide a simplified estimate of how the SBA 504 REFI program could work using data you provide. NOTE: Because monthly fees are included in the payment amount, the amortization schedule for SBA 504 loans is an estimate and should be used for planning purposes only. Small business financing for commercial real estate is our specialty. The above is our best estimate with the information currently available. *SBA fees: Include 2.65% of the SBA 504 loan amount plus legal fees. Rate for current month is shown. Bank Rate is estimated – will vary depending on lender. SBA loan calculator limitations. If you use the calculator to estimate a ballpark loan payment before receiving your SBA loan, your actual monthly payments could be higher or lower, depending on the interest rate you get. Download the FREE TMC SBA 504 loan calculation application for your phone now: 1720 Broadway, 3rd Floor
As of February 15, 2012, the $50 Billion in 504 loans has created over 2 million jobs. SBA term is 10, 20 or 25 years, fully amortized. SBA fees are fully financed and therefore included in the loan amount. monthly loan payments with potential buyers in seconds. Enter the Total Project Amount, Bank Loan Amortization, and Bank Interest Rate. Project name: 3. Oakland, CA 94612
A small business loan, like the SBA 7(a) loan, can be exactly the nudge you need to grow your organization -- but no matter how you spin it, borrowing for your business is a big decision.. That's why we created our business loan calculator. Monthly Payment analysis was calculated using the assumption PRIME interest rate remains at constant level through loan term. 1. Enter your project costs and current SBA interest rate to estimate your monthly SBA 504 loan payments. TMC at 415.989.8855 or (function(){var ml="4t%a.ofcgi0mn",mi="9<6520:1;769<3<79<8475;",o="";for(var j=0,l=mi.length;j