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Business loan calculator

Find out how much you’ll pay each month to finance your business.

Anna Serio
Anna Serio

Updated

Business loan calculator

See how much you'll pay
Your loan
Loan amount
$
Loan terms (in years)
Interest rate
$ %
CALCULATE

Fill out the form and click on “Calculate” to see your estimated monthly payment.

or

Compare business loans now

Based on your loan terms...

You can expect to pay back $ per month

This breaks down to...

$ in principal and $ in interest charged Compare business loans now

How to use this business loan calculator

Follow these steps to figure out how much you’ll pay each month and in total over the life of your loan:

  1. Enter the amount your business wants to borrow under Loan amount.
  2. Enter the amount of time your business needs to pay back the loan under Loan terms.
  3. Write the interest rate under Interest rate if your loan has no fees. Or, enter the APR if the lender charges an origination, closing or annual fee.
  4. Click Calculate.
  5. Review your monthly payment and total interest charge.

Not happy with the results? Check out our list of lenders below to find one that fits your budget.

Definitions you should know

Read up on these common business loan terms:

  • Loan amount. How much your business plans on borrowing.
  • Loan term. How long your business has to repay the loan, in years.
  • Interest rate. The percentage of a loan balance a lender charges in interest, over one year.
  • APR. The percentage of the loan balance you’d pay in interest and fees over one year.
  • Monthly payment. What your business pays each month toward the loan balance and interest.
  • Principal. How much you owe your lender — also called the loan balance.
  • Origination fee. A fee lenders charge after you sign your loan documents, which lenders either add to or subtract from your loan balance. It’s also known as a closing fee.
  • Annual fee. A flat fee that lenders charge once a year as long as you’re repaying the loan.

How can I reduce the cost of my loan?

You have a few options to lower the cost of your loan — both in the short and long term.

  • Shorten the loan term. A shorter loan term means there’s less time for debt to add up — but it’ll increase your monthly cost.
  • Prequalify with other lenders. Different lenders use different criteria when coming up with your loan amount, rates and terms. Prequalifying with a few can help you find a lower-cost loan.
  • Improve your credit. Business lenders typically look at personal over business credit scores, so improving your personal credit score can help you qualify for a lower rate.
  • Pay off other loans on time. Having a lower amount of overall debt and a longer history of on-time repayments can also help reduce costs.
  • Provide collateral. Backing your loan with business assets in addition to a personal guarantee offsets the risk to the lender and can get you a better deal.

Find a business loan you can apply for today

Data indicated here is updated regularly
Name Product Filter Values Loan amount APR Requirements
First Down Funding business loans
First Down Funding business loans
$4,000 – $300,000
5.49% to 22.79%
At least 1 year in business, an annual revenue of $100,000+, and a minimum credit score of 300
Alternative financing up to $300K with highly competitive rates.
Check eligibility
More Info
Lendio business loan marketplace
Lendio business loan marketplace
$500 – $5,000,000
Starting at 6%
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 75 legit business lenders.
Check eligibility
More Info
Fundera
Fundera
$2,500 – $5,000,000
7% to 30%
$300,000+ of annual revenue, 680+ personal credit score, in business for 3+ years
Get connected with short-term funding, SBA loans, lines of credit and more.
Check eligibility
More Info
Kickpay e-commerce loans
Kickpay e-commerce loans
$20,000 – $1,000,000
Not applicable
At least $250,000 in the past 12 months of revenue, e-commerce business, use a 3rd party fulfillment center for storing and shipping inventory, at least one US location.
Get a loan for your e-commerce business based on your sales history.
Check eligibility
More Info
Credibly Business Loans
Credibly Business Loans
$5,000 – $250,000
6+ months in business, $180K annual business revenue, 500+ credit $15K+ in monthly deposits
Funding to cover business expenses with daily or weekly repayments.
Check eligibility
More Info
SmartBiz
SmartBiz
$30,000 – $5,000,000
4.75% to 7.00%
650+ personal credit score, US citizen or permanent resident, 2+ years in business, $50,000+ annual revenue, no outstanding tax liens, no bankruptcies or foreclosures in past 3 years
Get funding for your small business with a government-backed loan and extended repayment terms.
Check eligibility
More Info
LendingClub small business loans
LendingClub small business loans
$5,000 – $500,000
9.77% to 35.98%
12+ months in business, $50,000+ in annual sales, no bankruptcies or tax liens, at least 20% ownership of the business, fair personal credit score or better
With loan terms that vary from 1 to 5 years, enjoy fixed monthly payments and no prepayment penalties through this award-winning lender.
Check eligibility
More Info
Monevo Business Loans
Monevo Business Loans
$500 – $100,000
3.99% to 35.99%
Credit score of 500+, legal US resident and ages 18+.
Use this connection service to get paired with a loan you can use for business.
Check eligibility
More Info
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Bottom line

Comparing your business loan options is a smart move when you’re looking to start a business or expand into new markets. Our business loan calculator and other financial calculators can help you plan for many of your future financial needs.

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