Business Loan Calculator
Estimate the monthly payment and total cost of a business term loan or SBA loan, with origination fees rolled into the financed amount so the figure reflects what you will actually pay. See total interest and the impact of fees at a glance.
How to Use
- Enter the loan amount your business needs (the principal you want to borrow).
- Enter the annual interest rate offered by the lender.
- Enter the term in years over which the loan is repaid.
- Enter any origination or packaging fees — these are added to the financed amount.
- Read the monthly payment and total cost, which reflect the fees rolled into the loan.
Show Work
Notes
About the Business Loan Calculator
Use the Business Loan Calculator — a free, easy tool for personal-finance and money decisions. Nothing is uploaded, and you do not need an account. Estimate the monthly payment and total cost of a business term loan or SBA loan, with origination fees rolled into the financed amount so the figure reflects what you will actually pay. See total interest and the impact of fees at a glance.
How it works
Put each value in its box and read the answer as you go. Because it recalculates live, you can play with the inputs to see how each one moves the result — handy for checking your own working or planning ahead. Everything happens on your device, so it is fast and private.
Want the deeper story? The Knowledge Base explains the ideas behind the tools in more detail.
Frequently Asked Questions
Are origination fees added to the loan or paid up front?
This calculator finances the fees into the loan, meaning they are added to the principal and repaid over the term with interest. That matches how many SBA and term loans handle packaging and guarantee fees. Because you pay interest on the financed fees, the effective cost of the loan is higher than the quoted note rate suggests.
What fees do SBA loans charge?
SBA 7(a) loans carry a guarantee fee that scales with loan size and term — roughly 2% to 3.75% of the guaranteed portion for larger loans, with smaller loans often exempt. Lenders may also add packaging or closing fees. These figures change periodically, so confirm current rates with your lender; this tool is an estimate, not a quote.
How is a term loan different from a line of credit?
A term loan gives you a lump sum repaid in fixed installments over a set period — exactly what this calculator models. A line of credit lets you draw, repay, and redraw up to a limit, with interest charged only on the outstanding balance. Term loans suit one-time investments like equipment or real estate; lines of credit suit fluctuating working-capital needs.
Should I compare offers by rate or by APR?
Compare by APR, not the note rate. Two loans with the same interest rate can cost very differently once origination fees and term are factored in. APR folds the fees into a single annualized figure, which is the fairest way to rank competing business-loan offers.
Why does a shorter term cost less interest but strain cash flow?
A shorter term means fewer payments for interest to accrue, so total interest is lower — but each monthly payment is larger. For a business, that larger payment ties up cash that could fund operations or growth. The right balance weighs interest savings against the working capital you need to keep on hand.
How do I use the Business Loan Calculator?
Just type your numbers. The answer shows up right away — there is no button to press. Change anything and it updates by itself.
Do I need to install or sign up for anything?
Not at all — it runs in the browser with nothing to install and no account. After it loads once, it even works without an internet connection.
Is my information private?
Yes. Everything happens in your browser. Nothing you type is sent to a server or saved anywhere.
Common Use Cases
Pricing an SBA 7(a) loan
Roll the guarantee and packaging fees into the principal to see the realistic monthly payment on an SBA loan.
Financing equipment purchases
Model a multi-year equipment loan and confirm the payment fits within projected cash flow.
Comparing lender offers
Run competing quotes side by side to see which combination of rate, term, and fees costs the least overall.
Budgeting working-capital debt
Estimate the monthly obligation of a short-term working-capital loan before committing to it.
Choosing a loan term
Trade off a shorter term with less total interest against a longer term that preserves monthly cash flow.
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