SBA 504 Prepayment Penalty Calculator

To calculate the prepayment penalty of an SBA 504 commercial loan (known as "10-9-8-7-6-5-4-3-2-1 Calculation"), multiply the remaining balance of the 504 loan with the interest rate stated on the bond (Note: this is the debenture rate, not the effective rate). Then multiply the resulting number with the factor set forth below for the applicable year.

Penalty = Remaining Principle (Debenture Interest Rate x *Factor)

*To find out the factor value, choose the applicable year of the Factor field in the calculator below.

20 Year Amortization 10 Year amortization

SBA Remaining Balance

SBA Debenture Rate

Factor

SBA Prepayment Penalty

Note: The commercial mortgage calculators displayed in this website should be used as a guideline and do not represent a commitment to lend. Commercial Loan Direct and CLD Financial, LLC are not liable for any calculation errors resulting from the use of these calculators.

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SBA 504 Prepayment Penalty Calculator
(10-9-8-7-6-5-4-3-2-1 Calculation)