Business Debt Consolidation Loan Calculator

Use our business debt consolidation loan calculator to see if collapsing multiple debts into one makes sense, or to compare consolidation loan offers.

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Published Mar 21, 2025 7:29 a.m. PDT · 1 min read

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How to use our business debt consolidation loan calculator

1. Enter loan details for existing business debt

Enter the following details for each small-business loan, line of credit or business credit card you’re trying to consolidate:

Balance. Enter the amount you currently owe.
Interest rate. Enter the annual interest rate your lender charges you.
Monthly payment. Enter the amount you pay your lender each month for the debt.

2. Review what you currently owe

After hitting “Calculate,” you’ll see the following details:

Total balance. The sum of all debt balances you currently owe.
Total monthly payment. The total amount you pay each month across all your business debt, including interest.
Combined interest rate. The weighted average interest rate across all your business debt.
Debt-free timeline. The number of years required to fully repay your debt based on your current balance and monthly payments.

3. Select your debt consolidation loan details

Here’s where you’ll enter your debt consolidation loan details. You can enter details for an actual loan offer you received or play around with the sliders to see how different interest rates and repayment terms impact savings.

Interest rate. Select the annual interest rate for the debt consolidation loan.
Loan term. Select the number of years it’ll take to repay your debt consolidation loan.
Total fees paid. Enter the total upfront costs of your debt consolidation loan, along with any prepayment penalties from the loans you’re consolidating.

4. Review final results

Your final results will give you insights into the following:

Current debts. Your total monthly payments across all existing business debt, including the overall cost when factoring in interest.
Debt consolidation loan. The projected monthly payment and total cost of your new consolidation loan, including interest.
Your potential savings. The difference between your new monthly payment and total cost of consolidation compared to your previous payments across all business debt.

How much do you need?

We'll start with a brief questionnaire to better understand the unique needs of your business. Once we uncover your personalized matches, our team will consult you on the process moving forward.

What is a business debt consolidation loan?

A business debt consolidation loan combines multiple debts across business loans, lines of credit or business credit cards into a single loan. It’s meant to simplify debt payments, which can become unwieldy if you owe multiple lenders different sums of money at different times of the month. While it can streamline payments and potentially reduce monthly costs and total expenses, savings are not guaranteed.

Did you know...

Business debt consolidation loans are often mistaken for business loan refinancing. While both involve replacing existing debt, refinancing prioritizes cost savings by securing a new loan with better terms. In contrast, debt consolidation focuses on merging multiple debts into a single loan to reduce the administrative headache of managing multiple business loans.

» MORE: How to refinance a business loan

Will business debt consolidation save me money?

Not necessarily. Business debt consolidation loans are meant to make life easier by collapsing multiple loans into one.

You may find that a business debt consolidation loan lowers your overall monthly payment. This typically happens when the repayment term on the consolidation loan is longer than the remaining time left on your current debts. However, while lower monthly payments can provide short-term relief, they may lead to higher total interest costs, making the consolidation loan more expensive over time.

Play around with our business debt consolidation loan calculator to see which interest rates and payment terms yield the results you’re looking for.

🤓 Nerdy Tip

Watch out for upfront costs associated with the new consolidation loan. These, along with prepayment penalties on current loans can increase the overall cost of business debt consolidation.

▲ Back to calculator

Where can I get a business debt consolidation loan?

While standalone debt consolidation loans exist, you can also pay off existing business debt with many standard types of small-business loans. Just make sure the lender allows using loan proceeds to pay off other debts.

Here are some loan options that could help you consolidate your debt:

Bank loans tend to offer the best interest rates and long repayment terms, but can be hard to qualify for. However, if you have a well-established business with strong revenue, and you’ve been paying off existing loans on a timely basis, bank loans are often a good first option to explore.
SBA loans also come with favorable interest rates and terms, and can be used to consolidate certain business debt. Though SBA loans may be difficult for many business owners to qualify for, they are often more accessible than traditional bank loans.
Online loans are usually the most accessible option, especially for newer businesses or borrowers with bad credit. The tradeoff is that online loans typically come with higher interest rates and shorter repayment terms compared with bank or SBA loans.

» MORE: Bad credit business loan options

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