Business Loan Calculator
Calculate business loan payments, total interest, and effective APR. Compare SBA loans, equipment financing, term loans, and lines of credit. View amortization schedules for commercial loans.
Loan Details
Business loans typically range 6-30%
5.0 years
One-time fee charged at loan origination
Loan Summary
Monthly Payment
$2,027.64
Principal
$100,000.00
Total Interest
$21,658.37
Origination Fee
$2,000.00
Effective APR
4.73%
Total Loan Cost
$123,658.37
Including all fees and interest
Yearly Summary
| Year | Principal Paid | Interest Paid | Remaining Balance |
|---|---|---|---|
| Year 1 | $16,944.01 | $7,387.66 | $83,055.99 |
| Year 2 | $18,350.35 | $5,981.32 | $64,705.64 |
| Year 3 | $19,873.43 | $4,458.25 | $44,832.21 |
| Year 4 | $21,522.91 | $2,808.76 | $23,309.30 |
| Year 5 | $23,309.30 | $1,022.37 | $0.00 |
Why Use Our Business Loan Calculator?
Understanding your loan costs before signing is crucial. Our calculator shows monthly payments, total interest, effective APR including fees, and full amortization schedules.
Frequently Asked Questions
What is an origination fee?
A one-time fee charged by lenders when processing a new loan, typically 1-5% of the loan amount.
What is effective APR?
The true annual cost including all fees, not just the stated interest rate.
How long are typical business loan terms?
Terms vary: SBA loans up to 25 years, equipment financing 3-7 years, short-term loans 3-18 months.