Home / Business loan calculator
Business loan calculator
For fixed-rate, monthly-payment business term loans, including bank, online and SBA 7(a) loans. Enter the amount, APR, fee and term.
Example: $100,000 at 9.5% for 10 years is about $1,294 a month and $55,277 in interest. Over 5 years it is about $2,100 a month and $26,011 in interest.
$1,293.98
monthly payment
- Amount financed
- $100,000
- Total interest
- $55,277
- Total of payments
- $155,277
Same loan, different terms
| Term | Payment | Total interest |
|---|---|---|
| 12 months | $8,768.35 | $5,220 |
| 24 months | $4,591.45 | $10,195 |
| 36 months | $3,203.29 | $15,319 |
| 60 months | $2,100.19 | $26,011 |
| 84 months | $1,634.40 | $37,289 |
| 10 years | $1,293.98 | $55,277 |
| 25 years | $873.70 | $162,109 |
Amortization schedule
| Year | Interest | Principal | Extra | Balance |
|---|---|---|---|---|
| 1 | $9,230 | $6,297 | $0 | $93,703 |
| 2 | $8,606 | $6,922 | $0 | $86,781 |
| 3 | $7,918 | $7,609 | $0 | $79,171 |
| 4 | $7,163 | $8,364 | $0 | $70,807 |
| 5 | $6,333 | $9,195 | $0 | $61,612 |
| 6 | $5,421 | $10,107 | $0 | $51,505 |
| 7 | $4,418 | $11,110 | $0 | $40,395 |
| 8 | $3,315 | $12,213 | $0 | $28,182 |
| 9 | $2,103 | $13,425 | $0 | $14,757 |
| 10 | $770 | $14,757 | $0 | $0 |
Ask the trail guide about this plan
Get a plain-English read of the numbers above: what's driving the savings, what to check with your lender, and trade-offs to weigh. Written by AI from your inputs, so double-check anything important.
What this business loan calculator covers
Standard amortizing term loans with a fixed rate and a monthly payment. Many SBA 7(a) loans have variable rates tied to the prime rate, so treat the result as today's estimate. SBA maximum terms are generally up to 10 years for working capital and equipment and up to 25 years for real estate.
Merchant cash advances and some online loans quote a "factor rate" with daily or weekly payments. They don't amortize like this, and their effective APR is often far higher than the factor suggests.
Fees change the real cost
Origination, packaging and SBA guarantee fees are often financed. Enter them as a percentage to see the payment on the full amount you'll owe.
Questions people ask
How is a business loan payment calculated?
Like any amortizing loan: payment = amount × r ÷ (1 − (1 + r)^−n), where r is APR ÷ 12 and n is the number of months. The calculator does this and builds the full schedule.
What is the monthly payment on a $250,000 business loan?
At 10.5% over 10 years it is about $3,373 a month, with about $154,805 in total interest.
How long are SBA loan terms?
SBA 7(a) loans generally run up to 10 years for working capital and equipment and up to 25 years for real estate.
Can I pay off a business loan early?
Often yes, but some lenders and SBA loans of 15+ years charge prepayment fees in the first three years. Check your note before prepaying.
Sources
More payment calculators
Car loan calculatorFHA loan calculatorVA loan calculatorHome equity loan calculatorPersonal loan calculatorSimple interest calculator
Already borrowing? Plan the payoff
Mortgage payoffLoan payoff calculatorBoat loan calculatorRV loan calculatorMotorcycle loan calculatorAuto loan payoff calculator