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Business Loan Calculator
Estimate the monthly payment and total cost of a business loan, including an upfront origination or SBA guaranty fee.
A business loan should be judged on the payment you must find every month and the total interest over its life, not on the headline amount. This calculator turns any business loan offer into those two numbers, plus the full repayment total.
How to use this calculator
- Enter the loan amount your business needs.
- Add the annual interest rate and the term in months or years.
- Include any upfront fees in the total if the lender charges them.
- Press calculate to see the monthly payment, total interest and total cost.
Check the payment against cash flow
Lenders look at whether the business can service the debt from its cash flow, and you should run the same test. A payment that only works in your best month will strain the business in an average one; leave headroom for slow seasons.
Frequently asked questions
What interest rates do business loans carry?
They vary widely with the lender, term, collateral and the business's credit history. Secured loans and established businesses usually get lower rates than unsecured loans to new firms.
Does this calculator work for SBA or bank loans?
Yes, any fixed-rate term loan works. Enter the amount, rate and term exactly as the offer states.
Should I choose a shorter term?
Shorter terms raise the monthly payment but cut total interest sharply. Choose the shortest term whose payment your cash flow can carry comfortably.