Business Loan Calculator

Your details

The total principal you are borrowing from the lender.
The lender's stated annual interest rate, before fees. Enter as a percentage (e.g. 7.5 for 7.5%).
%
Full years of the repayment term. Combine with months below for odd terms.
years
Extra months beyond the full years above (0-11).
months
Upfront fee charged by the lender as a percentage of the loan amount. Common for SBA and term loans (typically 0-3%).
%
Any additional flat fees: documentation, closing, packaging, or broker fees.
How often interest compounds within the year. Most business term loans compound monthly.
Currency
Monthly paymentModerate rate
$2,003.79

Fixed payment due each month for the life of the loan

Total interest$20,227.69
Total fees$1,500.00
Total cost of loan$121,727.69
True APR (with fees)8.139%
Net loan proceeds$98,500.00
Principal$100,000.00
Monthly payment$2,003.79
Total interest$20,227.69
Total fees$1,500.00

Monthly payment: 2,003.79

  • You will pay 20.2% of the principal in interest over the life of the loan.
  • The true APR of 8.139% is higher than the stated 7.5% rate because upfront fees cut your net proceeds while the payment stays the same.
  • After fees, you actually receive 1.50% less than the loan face value, so factor this into your cash-flow plan.
  • Your all-in cost (principal + interest + fees) is roughly 121,728.

Next stepRun the calculator again with a shorter term to see how much interest you save by paying off the loan faster.

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