Business Loan Payment Calculator
Estimate your monthly payment, total interest, and total repayment in seconds. Use this calculator to plan ahead before applying for a small business loan, SBA loan, equipment financing, or line of credit.
Loan details
Enter any amount from $1,000 to $5,000,000.
Typical business loan rates range from 6% to 30%+ depending on product and credit profile.
Enter the loan term length. Most business loans range from 12 to 84 months.
Your estimated payment
Estimates only. This calculator uses standard amortization math and does not include lender fees, origination charges, or factor rates used by merchant cash advances. Actual rates, terms, and payments are determined by individual lenders during underwriting based on your credit profile, business revenue, and time in business. Use this calculator for planning purposes—your final offer may vary.
Typical rate ranges by loan type
Different business financing products carry very different rate structures. Use this as a reference when planning your application.
| Loan type | Typical rate range | Best for |
|---|---|---|
| SBA Loans | 6% – 13% | Larger, longer-term investments with the best rates |
| Equipment Financing | 6% – 15% | Buying or leasing business equipment (equipment is collateral) |
| Term Business Loans | 7% – 30% | Lump-sum funding with fixed monthly payments |
| Business Line of Credit | 8% – 25% | Flexible, revolving access to cash for ongoing needs |
| Commercial Real Estate | 6.5% – 12% | Buying, building, or refinancing commercial property |
| Invoice Factoring | 1% – 5% per month | Unlocking cash tied up in unpaid invoices |
| Merchant Cash Advance | 1.1 – 1.5 factor rate | Fast access to capital when you have strong card sales (use factor rate, not APR) |
Rate ranges shown are typical industry benchmarks and are illustrative only. Final rates depend on your personal credit, business revenue, time in business, industry, and the individual lender's underwriting criteria. Merchant cash advances use a factor rate rather than an APR—a 1.3 factor on $50,000 means you repay $65,000 total.
How to use the business loan calculator
1. Enter your desired loan amount
Start with the total amount of business capital you want to borrow. If you are not sure of the exact figure, estimate on the higher end—you can always borrow less than your approved limit.
2. Enter an interest rate
Use the rate comparison table above as a starting point. If you have strong personal credit (700+) and steady business revenue, use the lower end of each range. If you are newer or have a developing credit profile, plan for the upper end.
3. Pick a loan term
Shorter terms mean higher monthly payments but less total interest. Longer terms ease monthly cash-flow pressure but cost more in total interest. SBA loans can go up to 25 years for real estate; most working capital loans are 12–60 months.
4. Review your results
Your monthly payment is what you would pay each month at a fixed rate. Total interest is what the loan costs you in interest over its life. Total repayment is the full amount you pay back (principal + interest).
5. When you are ready, apply
Once you have a clearer picture, complete our short pre-qualification form. A Principal Funding Advisor will reach out within 24 hours with real offers from our nationwide lender network—no hard credit pull required to get started.
Ready to see your actual rate?
Pre-qualify in under 10 minutes with no hard credit pull. A Principal Funding Advisor will follow up within 24 hours in English or Spanish.