Inputs

$

Total amount you need to borrow

$

Initial payment amount

$

Origination fees and closing costs

%
months

Results

Monthly Payment

$552.98

Total Interest

$298.1K

APR

60.13%

Loan Summary

Net Loan Amount:$100,000.00
Total Payments:$398,144.47
Total Fees:$2,500.00
Total Cost:$420,644.47

Amortization Preview

PaymentPrincipalInterestBalance
#1$11$542$100K
#2$11$542$100K
#3$11$542$100K
#4$11$541$100K
#5$12$541$100K
#6$12$541$100K
#7$12$541$100K
#8$12$541$100K
#9$12$541$100K
#10$12$541$100K
#11$12$541$100K
#12$12$541$100K

💡 Compare rates from multiple lenders and consider SBA loans for better terms. Factor in fees when comparing loan offers.

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Guide

How to Use This Calculator

  1. Enter the business loan amount needed
  2. Input down payment and loan fees if applicable
  3. Set the annual interest rate and loan term
  4. Choose your loan type and payment frequency
  5. Review monthly payment and total loan costs

Business Loan Types

  • • Term Loan: Standard fixed-payment business loan
  • • SBA Loan: Government-backed loan with favorable terms
  • • Equipment Loan: Secured by equipment being purchased
  • • Interest Only: Lower initial payments, principal due later

Business Loan Tips

  • • Compare rates from multiple lenders before committing
  • • Consider SBA loans for lower rates and better terms
  • • Factor in all fees when calculating true loan cost