Business Loan Calculator
Estimate business-loan payments, interest and repayment costs. Enter the loan amount, annual interest rate and loan term to estimate your regular payment and overall borrowing cost.
Enter the amount you plan to borrow for your business.
Annual interest rate charged on the business loan.
The number of years used to repay the business loan.
Optional lender processing fee included in total borrowing cost.
Enter additional regular-payment equivalents you plan to pay each year.
Optional annual lump-sum payment toward the outstanding principal.
Business loan analysis
The calculator estimates your regular payment, total interest and total repayment. Extra payments can also show potential time and interest savings.
Extra Payment Savings
Business Loan Formula
P = Loan amount
r = Monthly interest rate = Annual rate ÷ 12 ÷ 100
n = Total number of monthly payments = Loan term × 12
Total Repayment = Monthly Payment × n
Total Interest = Total Repayment − Loan Amount
This calculator uses a standard amortizing-loan formula. Actual business-loan terms, fees, repayment schedules and lender requirements may vary.
How to Use the Business Loan Calculator
Enter the Loan Amount
Enter the amount your business plans to borrow.
Enter the Interest Rate
Enter the annual interest rate offered by the lender.
Enter the Loan Term
Enter the repayment period in years.
Review Extra Payments
Optionally add extra annual payments or a lump-sum prepayment to estimate potential savings.
Example Business Loan Calculation
1,000,000 loan at 10% for 5 years
- Loan Amount = 1,000,000
- Annual Interest Rate = 10%
- Loan Term = 5 years
Estimated Monthly Payment ≈ 21,247.04
Estimated Total Interest ≈ 274,822.40.
Estimated Total Repayment ≈ 1,274,822.40.
Understanding Your Business Loan Results
Monthly Payment
The estimated regular payment toward principal and interest.
Total Interest
The estimated interest paid over the scheduled loan term.
Total Repayment
The combined principal and interest paid over the loan.
Total Cost
Total repayment plus the processing fee entered in the calculator.
Key Business Loan Terms
Principal
The amount borrowed by the business before interest and fees.
Interest Rate
The annual rate charged on the outstanding loan balance.
Loan Term
The period over which the business loan is scheduled to be repaid.
Processing Fee
A lender charge that can be included in overall borrowing cost.
Prepayment
An additional payment toward the outstanding principal.
Repayment Cost
The total amount paid toward principal, interest and applicable fee.