Business Loan Calculator
Calculate monthly payments, total interest, and amortization schedules for business loans. Plan your business financing with accurate loan calculations.
Loan Details
Years and additional months
Origination fees, processing fees, etc.
Loan Summary
Monthly Payment
$2,839
Total Loan Amount
$250,000
After down payment
Total Interest
$90,644
Total Cost
$340,644
Including fees and interest
Loan Term
120 months
10 years 0 months
Loan Type Comparison
| Loan Type | Typical Rate Range | Max Term | Down Payment |
|---|---|---|---|
| SBA Loan | 6% - 13% | 25 years | 10% - 15% |
| Term Loan | 7% - 30% | 5 years | 0% - 20% |
| Equipment Financing | 8% - 25% | 7 years | 10% - 20% |
| Commercial Mortgage | 5% - 12% | 30 years | 20% - 30% |
| Line of Credit | 7% - 25% | Revolving | 0% |
How Business Loan Calculations Work
Monthly Payment Formula
Business loan payments are calculated using the standard loan payment formula:
M = P × [r(1+r)ⁿ] / [(1+r)ⁿ - 1]
Where:
M = Monthly payment
P = Principal loan amount
r = Monthly interest rate
n = Total number of payments
Where:
M = Monthly payment
P = Principal loan amount
r = Monthly interest rate
n = Total number of payments
Business Loan Factors
- •Business credit score and history
- •Annual revenue and cash flow
- •Time in business and industry
- •Collateral and personal guarantees
- •Debt-to-income ratio
Business Loan Tips
- ✓Prepare detailed financial statements and business plan
- ✓Shop around with multiple lenders for best rates
- ✓Consider SBA loans for favorable terms
- ✓Maintain good business and personal credit
- ✓Understand all fees and terms before signing
- ✓Have a clear plan for loan proceeds usage
- ✓Consider shorter terms to save on interest
- ✓Build relationships with local banks and credit unions
Related Calculators
Loan Calculator
Calculate personal and general loan payments
Mortgage Calculator
Calculate home mortgage payments
Auto Loan Calculator
Calculate car loan payments
Debt Consolidation Calculator
Calculate debt consolidation savings
Investment Calculator
Calculate investment returns and growth
Investment Calculator
Calculate your investment returns and growth