What Is an SBA Loan Amortization Schedule?

During the early years of your loan repayment, most of the funds from each payment will go toward interest, not the principal. At some point that changes, and your payments start contributing toward the principal balance rather than interest. All of this information is detailed in the amortization schedule, which is really a chart that details each payment. Here’s an example of a section of an amortization schedule:

Sample amortization schedule for SBA 7(a) loans

The details of each of your loan payments are in the amortization schedule -- how much each payment is, when the payment is due, which number the payment is in the series, how much of the payment goes toward the principal and how much goes towards interest, and the total remaining interest and principal balances.

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