Apply for financingEducational only
This SBA loan calculator estimates a fixed monthly payment from an amount, a rate, and a term. Dengaro does not offer SBA loans. Guarantee fees, packaging fees, and a variable rate are not included. The rate is an assumption you set.
Illustrative payment
$2,066.25/mo
Educational illustration only. Dengaro is a brand of Funding Routes LLC and is not the lender. Dengaro does not offer this loan product. Any rate is an assumption you set, not a quote.
How it works
An SBA 7(a) note is often a fully amortizing payment, which is what this page calculates. It does not model a revolving line, a seasonal cap, or the SBA guarantee fee. Payment equals principal times the monthly rate, divided by 1 minus (1 + monthly rate) to the power of negative months. A $150,000 illustration at 11 percent for 10 years uses 120 months. Add any fee to the amount yourself if you want it inside the principal. Dengaro is a brand of Funding Routes LLC, an equipment-financing broker. It is not an SBA lender and it does not promise approval.
Formula
r is the annual percent divided by 1,200. n is the term in months. Total interest is the payment times the number of months, minus principal. A fee that is financed would be part of P. This form does not add one.
Example
Those fields are filled in so a payment appears immediately. The 11 percent figure is an example assumption, not an SBA rate and not a Dengaro rate. Dengaro does not offer SBA loans.
Limit
A real SBA note can have a guarantee fee, a packing fee, and a rate that adjusts. This page holds the rate still for the whole term. It will not tell you whether a business qualifies.
Equipment
If the purchase is a machine, use the equipment application. The SBA amount on this page is not copied into that application. Dengaro does not offer SBA loans.
Important questions
No. Dengaro does not offer SBA loans. This SBA loan calculator is only the fixed-payment formula.
It is not in the payment. If you want to illustrate a fee that is financed, add it to the amount before you calculate. The page will not guess the fee.
No. It is a placeholder so the example has a number. Replace it with the rate you were given, or with any rate you want to study.
The button does not send this amount. It opens an equipment financing request. An SBA application belongs with an SBA lender.
Equipment financing