Business Loan Calculator
Work out the monthly payment on a business loan, the total you repay, and the interest inside it. This is a general tool for a term loan.
Some people search for this as an SBA loan calculator. This page is not part of any government program. Your lender sets the real rate, fees and terms.
- Free
- Works offline after your first visit
- Saves on this device
- No sign-up
- Updated
How it works
The monthly payment uses the standard loan formula. The yearly rate is divided by 12 for each month, and the term is counted in months.
Total interest is all the payments added up, minus the amount borrowed. Fees, insurance and upfront charges are not included.
Worked example
Borrowing $250,000.00 at 9.5% over 10 years means a payment of $3,234.94 a month, with $138,192.67 of interest in all.
Questions
Does this include fees?
No. Origination and other fees are not in the numbers. Ask your lender for the full cost in writing.
Can I type in the rate I was offered?
Yes. Type in the rate a lender has quoted you, since loan rates change.
Why does a longer term cost more?
A longer term lowers the monthly payment, but interest builds for more months, so the total interest rises.
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