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Business Loan

SBA Microloan Calculator

Estimate monthly payments for an SBA Microloan, which provides up to $50,000 (average ~$13,000) through nonprofit intermediary lenders. Ideal for startups, women-owned, and minority-owned businesses.

By Quick Loan Calculators Team, Financial Content TeamLast reviewed: April 2026
$15,000
10%

Monthly Payment

$484.01

Total Interest

$2,424.28

Total Cost

$17,424.28

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Payment Breakdown

Payment breakdown: $15,000.00 principal (86.1%), $2,424.28 interest (13.9%)

Principal

$15,000.00 (86.1%)

Interest

$2,424.28 (13.9%)

How This Calculator Works

Standard amortization formula. SBA Microloans have no guarantee fee. Rates are set by the intermediary lender, typically between 8-13%. Maximum term is 6 years.

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Disclaimer: This calculator provides estimates for informational purposes only. Results are based on the information you provide and standard financial formulas. Actual loan terms, rates, and payments may vary. This is not financial advice. Please consult with a qualified financial professional and verify all figures with your lender before making borrowing decisions.