Finance calculator
Business Loan Calculator
Use this business loan calculator to estimate the monthly payment and total repayment cost for a fixed-rate installment loan. It can help compare loan amounts, interest rates, and repayment terms, but it does not include every possible lender fee, prepayment rule, variable-rate change, late charge, tax effect, or cash-flow constraint.
Payment by loan amount
See the full monthly-payment table for a specific amount across common rates and terms:
How to use this calculator
- Enter the amount being borrowed before fees or other closing costs.
- Add the annual interest rate and repayment term to model a fixed payment schedule.
- Use the monthly payment, total interest, and total repayment outputs to compare simple loan scenarios.
Formula
- Monthly rate = annual interest rate / 12
- Number of payments = loan term in years x 12
- Monthly payment = principal x monthly rate / (1 - (1 + monthly rate)^-payments)
- Total interest = monthly payment x payments - principal
Example calculation
For a $50,000 loan at 9% annual interest over 5 years, the estimated monthly payment is about $1,038. Total repayment is about $62,275, including roughly $12,275 in interest.
How to interpret the results
- Start with the monthly payment and compare it with available operating cash after payroll, rent, taxes, inventory, and other recurring commitments.
- Use total interest to understand the borrowing cost. A lower monthly payment can still create a higher total repayment if the loan term is longer.
- Treat the result as a basic principal-and-interest estimate, then review fees, prepayment terms, collateral requirements, and lender conditions separately.
Frequently asked questions
Does this business loan calculator include fees?
No. It estimates principal and interest only. Origination fees, closing costs, late fees, and prepayment rules can change the actual cost of a business loan.
Can the monthly payment change?
This calculator assumes a fixed interest rate and level monthly payments. Variable-rate loans or lines of credit can have payments that change over time.
Is this a loan approval estimate?
No. It is a planning estimate and does not predict approval, qualification, or lender terms.
Planning disclaimer
MoneyHackWise calculators are for general informational and planning purposes only and do not provide financial, investment, tax, legal, accounting, lending, or business advice. Results are estimates based on the inputs and assumptions shown.
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