Startup Loan Calculator
Calculate monthly payments, total interest, and repayment schedules for business startup loans. Determine financing needs for your new venture.
Step 1: Loan Details
Loan Payment Formula
Monthly Payment = P × [r(1+r)^n] / [(1+r)^n – 1]
Where P = principal, r = monthly interest rate, n = number of payments
Step 2: Loan Options
Typical Startup Loan Terms
Small business loans: 5-10 years, 5-10% interest
SBA loans: Up to 25 years, 5-8% interest
Startup loans: 1-5 years, 8-20% interest
Equipment financing: 3-10 years, 5-12% interest
Loan Payment Results
Monthly Loan Payment
Loan Amortization Schedule
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|
Loan Type Comparison
| Loan Type | Typical Term | Interest Rate | Monthly Payment* |
|---|
*Based on $50,000 loan amount
Loan Payment Formula
Monthly Payment = P × [r(1+r)^n] / [(1+r)^n – 1]
Where:
• P = Principal loan amount ($)
• r = Monthly interest rate (annual rate ÷ 12)
• n = Number of monthly payments (loan term in years × 12)
Example Calculation:
$50,000 loan at 7.5% for 5 years (60 months)
r = 7.5% ÷ 12 ÷ 100 = 0.00625
n = 5 × 12 = 60
Monthly Payment = 50000 × [0.00625(1+0.00625)^60] / [(1+0.00625)^60 – 1]
= 50000 × [0.00625 × 1.4533] / [1.4533 – 1]
= 50000 × 0.009083 / 0.4533
= 50000 × 0.02004
= $1,002.31
Understanding Loan Costs
Key Loan Terms
Principal: The original amount borrowed
Interest: Cost of borrowing the money
Annual Percentage Rate (APR): Total cost of loan including fees
Amortization: Process of paying off loan over time
Term: Length of time to repay the loan
Tip: Even a small difference in interest rate can significantly impact your total repayment amount over the life of the loan.
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