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Business Loan Calculator: Estimate Your Payments

Use this business loan calculator to estimate your monthly payments and interest based on the loan term and APR.
Steve NicastroNovember 19, 2021
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The Paycheck Protection Program officially ended May 31, 2021. Read our PPP page for more information or visit our PPP Loan Forgiveness Guide.
A business loan calculator can help you determine the affordability of a small-business loan before you apply. Enter these key parts of your loan to calculate your monthly payments and total interest costs:
  • Loan amount.
  • Loan term.
  • Estimated annual percentage rate.
You'll also be able to view business loan options based on your credit score.

Business loan calculator

Understanding your business loan calculator results

Monthly payment: This is the fixed amount you’ll repay each month. It includes principal, interest and fees.
Total payments: This is the sum of all the payments to make on the loan, which includes the amount you borrowed, plus interest and fees.
Total interest paid: The total interest paid represents what the lender is charging you for the loan. If you repay the loan early, you may be able to save on interest.
APR: This number represents the true annual cost of the loan and makes it easier to do an apples-to-apples comparison between products. Some lenders do not provide APR and instead give a general interest rate that does not include any fees. APR for business loans depends on your credit score and your business’s finances, including annual revenue and time in business.

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Frequently Asked Questions

Does your business need funding? Find your best loan options with Fundera by NerdWallet.

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