Business Loan Calculator | Small Business Financing Calculator
Calculate payments, interest costs, and amortization schedules for business loans with our free online business loan calculator.
Category: Financial
Business loans typically have different terms and rates than consumer loans. SBA loans often have longer terms but may include fees. Equipment loans are typically secured by the equipment being purchased.
Frequently Asked Questions
What types of business loans can I calculate with this calculator?
This calculator can handle various business loan types including term loans, SBA loans, equipment loans, and lines of credit. Each loan type may have different terms, rates, and fee structures that you can input into the calculator.
How do origination fees affect my business loan?
Origination fees are upfront charges added to your loan amount. While they don't affect your regular payment amount, they increase the total cost of the loan and effectively raise your APR. For example, a 2% origination fee on a $100,000 loan would add $2,000 to your loan amount.
What's the difference between a business line of credit and a term loan?
A term loan provides a lump sum upfront that you repay over a fixed period with regular payments. A business line of credit gives you access to a maximum amount that you can draw from as needed and only pay interest on what you use. Term loans are better for specific one-time purchases, while lines of credit offer flexibility for ongoing expenses.
How can I qualify for the best business loan rates?
To qualify for the best rates, maintain strong business and personal credit scores (ideally 700+), have at least 2 years in business, demonstrate consistent revenue and cash flow, maintain a low debt-to-income ratio, and provide collateral when possible. SBA loans often offer competitive rates but require more paperwork and longer approval times.