Business loan calculator
Estimate the monthly payment, total interest and total cost of a business loan from the amount, term and APR.
Standard amortization. Actual payments vary with rounding, fees and payment timing.
Amortization schedule
| Month | Payment | Principal | Interest | Balance |
|---|
First 12 months, then every 12th month.
A business loan payment depends on the amount, the term in months and the APR. For example, $100,000 over 60 months at 12% APR costs about $2,224 a month and $33,467 in total interest. Enter your own numbers to see the payment and an amortization schedule.
How to use this calculator
Loan amount
The principal you receive. If the lender deducts an origination fee from proceeds, enter the gross amount and the fee separately.
Term
Months to repay. Online term loans run 6 to 24 months; bank loans 3 to 7 years; SBA loans up to 10 years for working capital and 25 for real estate.
APR
The annual percentage rate including fees. If the lender quotes a factor rate instead, use the factor rate calculator to convert it first.
Origination fee
A percentage taken from the loan at closing. It raises your effective APR because you repay money you never received.
Frequently asked questions
How is a business loan payment calculated?
What is a typical business loan term?
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