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SBA 7(a) Express loan calculator by Indymae

This simple SBA loan calculator helps you understand the cost of your loan. See monthly interest & repayment amounts

Garment Shop

How much do you want to borrow?

Adjust the slider to choose your preferred amount for working capital or debt refinance loans.

3

MONTHLY PAYMENT

LOAN TERM

INTEREST RATE

APR WITH FEES

10 years

11.25%*

12.14%

SBA 7(a) Express loan requirement

To qualify credit

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For each owner with 20% or more ownership 

  • 650 or better credit score

  • No prior bankruptcies in past 5 years

  • No delinquent taxes, State or Federal, without a repayment plan in place

For the business

  • No prior bankruptcy

  • No delinquent taxes, State or Federal, without a repayment plan in place

  • Business credit should have a 175 or better business liquid score

You can expect to provide the following items for an SBA loan application

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For each owner with 20% or more ownership 

  • Color copy of driver's license both front and back

  • 3-years personal filed tax return

    • If current year is not filed, provide filed tax extension​

For the business

  • Most recent 3-years filed tax returns

  • Most recent year ending Profit and Loss statement with Balance Sheet

  • Year to date Profit and Loss statement with Balance Sheet

  • Most recent 6-months business bank statements

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