Business Loan Calculator
Calculate the payment and total cost of a business loan.
Tip: Compare the effective rate (APR) between banks — hidden fees raise the real cost.
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About this digital tool
The business loan calculator works out the monthly payment, total interest and repayment schedule for business financing. Enter the amount needed, the annual rate and the term, and the tool gives the payment using the annuity formula and the total cost. You can compare scenarios with different terms to find the balance between the payment and the total cost.
Business loans are usually split into working capital, investment and microloans, with terms that depend on the bank, the guarantees and the business's cash flow. It is important that the payment is covered by real income. Compare the effective rate between banks, because fees raise the cost. The result is an estimate and does not replace the bank's official offer.
How to use
- Enter the loan amount and the annual rate.
- Set the term in years.
- See the monthly payment and the total cost.
Frequently asked questions
What documents are needed for a business loan?
Usually: the tax ID (NIPT), financial statements, a business plan, collateral (if any) and credit history. Requirements vary by bank.
How is a business loan payment calculated?
From the amount, the monthly rate and the number of payments using the annuity formula. Enter the three values in the calculator for the monthly payment and total interest.
What affects the business loan rate?
The size of the business, its financial history, the guarantees, the term and the type of loan. A business with steady cash flow and collateral usually gets better terms.
How do I choose the term of a business loan?
Match it to the life of the investment: working capital needs a short term, equipment or buildings a longer one. The payment should be easily covered by monthly cash flow.