About the Business Loan Calculator
A business loan is repaid in fixed monthly installments of principal and interest. Enter the amount, rate, and term to see the monthly payment, total interest, and the full cost of borrowing.
How it’s calculated
Monthly payment uses the standard amortization formula: P × r ÷ (1 − (1 + r)^−n), where r is the monthly rate and n the number of months.
Example calculation
A $100,000 loan at 9% over 5 years costs about $2,076 a month and roughly $24,548 in total interest.
Frequently asked questions
Does this include fees?
It covers principal and interest. Origination fees, closing costs, or factor-rate financing can raise the effective cost — ask the lender for the APR to compare offers fairly.
What rate should I expect?
Rates vary widely by lender, loan type, and credit profile. Enter a quoted rate; if you're only estimating, try a range to see how sensitive the payment is.
This calculator provides estimates for educational purposes and should not be considered financial, tax, or legal advice. Your actual figures may vary with lender terms, fees, and market conditions.