Business Loan Payment Calculator
Enter an amount, rate, and term to see your payment, total interest, and total repayment — the three numbers that let you compare any two loan offers honestly.
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Check Your Eligibility →Frequently Asked Questions
How is a business loan payment calculated?
Standard amortization: payment = P × r ÷ (1 − (1+r)^−n), where P is the amount borrowed, r the periodic interest rate, and n the number of payments. Our calculator does this for monthly and weekly schedules.
What interest rate should I assume?
As of 2026, roughly: SBA loans price relative to prime; online term loans commonly run ~10–40% APR depending on credit and term; equipment financing ~7–25%. Use the rate quoted to you and compare total cost, not just the payment.
Why does a shorter term have a higher payment but lower cost?
Interest accrues on outstanding principal over time. Shorter terms repay principal faster, so less total interest accrues — the payment is higher but total repayment is lower.