SBA Loan Payment Calculator
The SBA 7(a) loan is the most common way buyers finance a laundromat. Enter the price, down payment, rate, and term to estimate the monthly payment, the cash you need to close, and the debt-service coverage a lender will check.
SBA loan payment calculator
Model monthly payments and debt-service coverage on an SBA 7(a) style acquisition loan.
The store's cash flow covers the loan payment with room to spare, the kind of coverage lenders like to see.
This is an educational estimate, not financial advice or a formal valuation. Confirm all figures with the seller's records and your own advisors.
Frequently asked questions
How much down payment do you need for an SBA laundromat loan?
The equity injection is commonly around 10 to 20 percent of the project cost, though it varies by lender and deal. On top of the down payment you also need closing costs and a working-capital reserve, so plan for more than the down payment alone.
What DSCR do SBA lenders want?
Lenders generally look for a debt-service coverage ratio of at least 1.25x, meaning the store's cash flow is at least 1.25 times the annual loan payment. A higher ratio gives more cushion and makes approval easier.
Are these the exact SBA rates?
No. The rate field is illustrative so you can model payments. SBA 7(a) rates are variable and tied to the prime rate plus a lender spread within SBA caps, so confirm the current figure with an SBA-preferred lender.
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