Business Loan Calculator
Calculate business loan payments and costs using our comprehensive business loan calculator. Compare term loans, SBA loans, and lines of credit to find the best financing option for your business needs.
Loan Type
Loan Details
Typical terms: 12-84 months for term loans, up to 300 months for SBA loans
Fees & Costs
Typically 1-5% of loan amount
Application, processing, underwriting fees
Loan Summary
Monthly Payment
$0
Total Interest
$0
Total Fees
$0
Total Cost
$0
Effective APR (with fees)
0.00%
Loan Balance Over Time
This chart shows how your loan balance decreases over time with consistent payments.
Total Cost Breakdown
This chart breaks down the total cost of your loan including principal, interest, and fees.
Loan Type Comparison (Same Amount & Term)
This chart compares typical costs across different business loan types. SBA loans usually offer the best rates but require more documentation.
Understanding Business Loans
Business loans provide capital for starting, operating, or expanding a business. Our business loan calculator helps you compare different loan types and understand the true cost of borrowing including interest, fees, and total repayment amounts.
Types of Business Loans
Term Loans
Traditional business loans with fixed repayment schedules. Best for large purchases like equipment, real estate, or business acquisitions. Rates: 6-13% for established businesses.
SBA Loans
Government-backed loans offering favorable terms and lower rates. Popular programs include 7(a) and 504 loans. Rates: 5-10%, but require extensive documentation and longer approval.
Lines of Credit
Revolving credit for ongoing expenses and cash flow management. Borrow as needed up to your limit. Rates: 7-25%, with fees for unused credit in some cases.
Equipment Financing
Loans specifically for purchasing equipment, with the equipment serving as collateral. Easier qualification and competitive rates: 4-20% depending on equipment type.
Key Factors Affecting Approval & Rates
- Credit score (personal and business) - 680+ for best rates
- Time in business - at least 2 years preferred by most lenders
- Annual revenue and profitability trends
- Debt-to-income ratio and existing obligations
- Collateral available to secure the loan
- Industry risk and business plan quality
- Cash flow consistency and working capital
Disclaimer: This business loan calculator is provided for educational and informational purposes only. The calculations are estimates based on the inputs you provide and do not constitute a loan offer or financial advice. Actual loan terms, rates, fees, and approval are determined by lenders based on creditworthiness, business financials, collateral, and other factors. SBA loan rates and terms vary by program and lender. Some business loans may have variable rates, balloon payments, prepayment penalties, or other terms not reflected in this calculator. Always review actual loan documents carefully and consult with qualified financial advisors, accountants, and legal professionals before taking out business financing.
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