How Much Is the Payment on a $1,000,000 Business Loan?
The payment on a $1,000,000 business loan depends on two numbers: the rate and the term. At July 2026 rates, here is what the math looks like.
Last updated · Reviewed by Cody Dreis
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The Full Answer
On an SBA 7(a) loan at 9.75% (the current cap of Prime + 3% for loans over $250K) with a 10-year term, the payment is roughly $13,100 a month. Stretch the same rate over a 25-year term for commercial real estate and the payment drops to about $8,900 a month. A conventional 5-year term loan at 12% runs about $22,200 a month.
The pattern to notice: longer terms cut the monthly payment dramatically but raise total interest paid. The 10-year SBA loan costs roughly $570K in interest over its life; the 25-year version costs over $1.6M. Lenders will also test whether your cash flow covers the payment with room to spare, typically requiring $1.25 in net operating income for every $1 of debt service.
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Written by
Cody Dreis
Founder, Quordx Capital
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