SBA Loan Calculator
These long term loans are among the most affordable bank loans thanks to the government partial guarantee that they enjoy. These are sponsored by the Small Business Administration or SBA and they are aimed at making sure that small businesses have adequate capital to meet their inventory purchases, equipment acquisitions, business acquisitions or working capital needs.
These loans are not directly made available to your business by the federal government. They are offered by various banks and you get your SBA loans from these banks which participate in the Small Business Financing program. The bank offers these loans at lower rates because a portion of the loans is protected by a federal government guarantee, thus lowering the bank’s overall risk exposure when it makes such a loan.
The SBA loans can give your business ready cash at a low cost- an ideal combination that not many other loan options have to offer. To know what kind of financial implications you have with SBA loans use this calculator and compare these with regular loans.