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Business Loan Calculator: Estimate Loan Payments and Interest Cost
Use this business loan calculator to estimate your monthly payments and interest based on the loan term and APR.
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
A business loan calculator can help you determine the monthly payments and total interest costs of a small-business loan. To use the calculator, enter your:
Estimated annual percentage rate.
The calculator also will show you business loan options based on your credit score.
Business loan calculator
Calculate estimated payments, then see if you qualify for a business loan
Get personalized small-business loan rates to compare
with Fundera by Nerdwallet
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.
How Much Do You Need?
Frequently Asked Questions
Business loans stretch up to 10 years or longer, but you’ll likely need to have an established business with strong finances to qualify for such loans.
Online lenders typically charge business loan rates between 6% to 99% APR. You’ll likely find the lowest rates through SBA 7(a) loans, which are set based on the daily prime rate plus a lender spread.
The difficulty in getting a business loan depends on factors that include where you get the loan, the strength of your credit score and the business’s finances, and whether you’re prepared to apply.