LOS ANGELES, CA (PR Newswire) August 18, 2017: YourSBA.com, Inc. releases a new SBA loan calculator to its popular SBA lending platform.

The new calculator, named Refinance Debt with SBA Loan Calculator, will help business owners and potential SBA loan borrowers determine how much they may save by replacing high-interest debt or other types of debt with a more favorable, lower interest rate, possibly longer term, SBA 7(a) small business loan.

Some of the types of business debt that can be replaced by the SBA loan include:

• High-interest credit card debt
• “Daily deposit” loans which may have been quick to get but can be replaced
• Balloon payments coming due with commercial real estate (CRE) or other balloon debt
• Purchase leased equipment
• Consolidate debt
• Partner buyout
• Private investors

SBA loans offer lower interest rates and longer terms to decrease your monthly loan payments and improve your cash flow. You can use these savings to apply for additional funds for a variety of uses to grow your business such as working capital, inventory, equipment, advertising, employees, and more. See how much you may save per month by refinancing your existing debt. The calculator will use these savings to determine how much additional expansion capital you may qualify for as a result of the savings.

Once you complete the simplified business debt schedule in the mobile-friendly calculator, you will receive a report like this:

Sample:

Refinancing your existing debt with an SBA loan will save you roughly $805 per month or $9,660 per year.

By saving $805 per month, you qualify for up to $113,900 additional funds which can be used for a variety of uses to grow your business: working capital, inventory, equipment, advertising, employees, and more.

The Refinance Debt with SBA Loan Calculator is the newest SBA loan calculator to be added to our current suite of business loan calculators which can be found here:

• Complete SBA Loan Calculator
• Simple SBA Loan Calculator
• How Much Can I Borrow Calculator
• Total Funding Calculator
• New! Refinance Debt with SBA Loan Calculator

YourSBA.com, Inc., home of YourEdge™,  is the leading online SBA loan workspace for SBA 7(a) loans over $350,000 up to $5 million.