🏢 Business Loan Calculator
Borrowing to grow a business only makes sense when the monthly payment fits comfortably inside your cash flow. Running the numbers first keeps a good opportunity from becoming a burden.
Enter the loan amount, annual rate and term in years. The calculator amortizes the loan into equal monthly payments and shows the total interest the business will pay.
How to use this calculator
Enter the loan amount, annual rate and term in years to see the monthly payment, total interest and total repayment for a business loan.
- Type the Loan amount the business needs.
- Enter the Annual interest rate.
- Set the Loan term in years.
- Press Calculate and check the payment against your monthly cash flow.
Frequently asked questions
What will this calculator show me?
The fixed monthly payment, the number of payments, the total interest over the life of the loan, and the total repayment amount.
How is the payment computed?
With the standard amortization formula: the amount times the monthly rate times a compounding factor, divided by that factor minus one, assuming equal monthly payments.
Can you give an example?
Borrowing $100,000 at 9% for 7 years gives a monthly payment of about $1,608.91, with total interest of roughly $35,148 over 84 payments.
Does it include fees or variable rates?
No. Arrangement fees, variable rates and seasonal payment schedules are not modeled, so use the result as the base financing cost.