SBA 7(a) Loan Rates and Fees Guide
Understanding current interest rates, fee structures, and total costs of SBA 7(a) loans
Current SBA 7(a) Loan Interest Rates
Base Rate Options
SBA 7(a) loan interest rates are calculated using one of these base rates:
- Prime Rate: Most common base rate
- LIBOR Rate: Alternative for some lenders
- SBA Peg Rate: Published quarterly
Maximum rates are determined by:
- Loan amount
- Loan maturity
- Base rate used
Rate Structure
Maximum Interest Rates
| Loan Amount | Max Rate (Maturity < 7 years) | Max Rate (Maturity ≥ 7 years) |
|---|---|---|
| Up to $25,000 | Base + 4.25% | Base + 4.75% |
| $25,001 - $50,000 | Base + 3.25% | Base + 3.75% |
| Over $50,000 | Base + 2.25% | Base + 2.75% |
SBA 7(a) Loan Fees
Guarantee Fees
- Loans up to $150,000: 2%
- $150,001 to $700,000: 3%
- $700,001 to $5 million: 3.5%
- Additional 0.25% on guaranteed portion over $1 million
Other Fees
- Packaging fees (if applicable)
- Appraisal and environmental fees
- Credit report fees
- UCC filing fees
Annual Cost Considerations
- Servicing Fees: May apply annually
- Late Payment Fees: If payments are missed
- Prepayment Penalties: None for terms under 15 years
- Insurance Requirements: Various coverage required
Calculate Your SBA 7(a) Loan Costs
Use our calculator to estimate payments based on current rates and your loan needs.