Business Loan Calculator

Modify the values and click the Calculate button to use

Monthly Pay: $212.47

Repayment

Total of 60 loan payments: $12,748.23
Total Interest: $2,748.23
Payoff Date: Nov 2031

78% Principal22% Interest

Amortization schedule

Year	Date	Interest	Principal	Ending balance
1	Nov 2027	$926.96	$1,622.68	$8,377.32
2	Nov 2028	$757.05	$1,792.60	$6,584.72
3	Nov 2029	$569.34	$1,980.31	$4,604.42
4	Nov 2030	$361.98	$2,187.67	$2,416.75
5	Nov 2031	$132.90	$2,416.75	$0.00

Balance, interest, and payments over time

Balance
Interest
Payments

What this business loan calculator does

A business loan is an installment loan used for working capital, equipment, expansion, or other business purposes. This calculator estimates the monthly payment, total interest, payoff date, and amortization schedule for a fixed-rate business loan.

This version calculates principal and interest only. Origination fees, documentation fees, other fees, and the APR are not included.

How to use this calculator

Enter the loan amount.
Enter the annual interest rate.
Enter the loan term in years and months.
Choose the month the loan starts.
Click Calculate to see the monthly payment and amortization schedule.

Business loan payment formula

The monthly payment for a fixed-rate loan is:

M = P × r × (1 + r)^n / ((1 + r)^n − 1)

P is the loan amount, r is the monthly interest rate, and n is the number of monthly payments. For a zero-interest loan, the monthly payment is P / n.

What the results include

Monthly pay: the scheduled principal and interest payment.
Total of N loan payments: the sum of all scheduled payments.
Total interest: the cost of borrowing over the life of the loan.
Payoff date: the month of the final scheduled payment.
Amortization schedule: annual and monthly views, plus a balance chart.

Frequently asked questions

Does this calculator include origination or documentation fees?

No. This version excludes origination fees, documentation fees, other fees, and the APR. Ask your lender for a full cost breakdown, including the APR.

What is the difference between the interest rate and the APR?

The interest rate applies to the loan balance. The APR includes the interest rate and many of the fees charged to obtain the loan, so it is usually higher.

Can a business loan have a variable rate?

Yes. This calculator models a fixed-rate loan. A variable-rate loan can change over time and may have different payments.

Source

Reference: U.S. Small Business Administration — Loans.

Disclaimer

This calculator is for informational and planning purposes only. It is not a loan offer, financial advice, or a guarantee of financing terms. Confirm all figures, fees, and APR with a qualified lender or financial professional.

Financial Calculators