Business Loan Calculator
Calculate your business loan repayments, total interest, and monthly payments. Understand how loan amount, interest rate, and term affect your business financing.
Step 1: Loan Details
Understanding Loan Terms
A longer loan term reduces monthly payments but increases total interest paid. Consider your business cash flow when choosing a repayment period.
Step 2: Additional Costs
About Origination Fees
Origination fees are charged by lenders for processing a new loan. They’re typically 1-5% of the loan amount and can be paid upfront or added to the loan balance.
Business Loan Results
Monthly Payment
Business Loan Comparison
| Loan Type | Interest Rate | Monthly Payment | Total Interest | Total Cost |
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Payment Breakdown
Loan Payment Formula
Monthly Payment = P × [r(1+r)^n] / [(1+r)^n – 1]
Where P is the principal loan amount, r is the monthly interest rate (annual rate ÷ 12), and n is the number of payments (loan term in months).
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