Business Loan Calculator
Estimate the monthly payment, total interest, and full amortization schedule on a business loan in seconds. Enter the amount, rate, and term — compare offers side by side, then export a clean schedule to hand your lender. Free, no signup.
Monthly payment
$2,075.84
- Total interest
- $24,550.08
- Total cost (principal + interest)
- $124,550.08
Export the schedule
Estimates only, for planning. Actual payments depend on your lender's rate, fees, and compounding. Not financial advice.
Why use this generator
- Compare two lender offers by their true total cost, not just the monthly payment.
- See how much interest a shorter term saves over the life of the loan.
- Budget cash flow against a fixed monthly payment before you sign.
- Build an amortization schedule to attach to a loan application or board update.
How it works
- 1Enter the loan amount, the annual interest rate (APR), and the term.
- 2See your fixed monthly payment, total interest, and total cost update instantly.
- 3Open the amortization schedule to see how each payment splits between principal and interest.
- 4Adjust the numbers to compare offers — then export the schedule (Documents Pro) to share with a lender.
Frequently asked questions
- How is a business loan monthly payment calculated?
- A fixed-rate business loan amortizes: each month you pay the same amount, split between interest on the remaining balance and principal. Early payments are mostly interest; later payments are mostly principal. The formula is P · r / (1 − (1 + r)⁻ⁿ), where P is the amount, r is the monthly rate (APR ÷ 12), and n is the term in months.
- What's a typical interest rate on a business loan?
- It ranges widely by lender and risk — roughly 7–11% for bank and SBA-backed term loans with strong credit, and higher for online lenders, short-term loans, or newer businesses. Use the calculator to test a range; the rate moves your total cost far more than most owners expect.
- Does this calculator account for fees or origination costs?
- No — it shows the amortized principal-and-interest payment. Origination fees, closing costs, and prepaid interest are charged separately by the lender. Add them to the amount, or treat the result as a floor and confirm the APR (which folds in some fees) with your lender.
- Can I download the amortization schedule?
- Yes. The on-screen schedule is free. Exporting it to PDF or CSV — to attach to an application or share with a lender or accountant — is a Documents Pro feature.
Applying for financing? Estimate what your business is worth with the Business Valuation Calculator, check what you need with the Business License Checklist, and get your free EIN.