Business Loan Calculator: Monthly Payment, Total Repaid and What the Money Costs

It depends on the rate, the term and how often you pay. The Monthly payment examples table under the calculator works out both amounts, and larger ones, at a 10% example rate over 12 to 60 months: a longer term lowers the payment and raises the total. Put the rate, term and frequency from your offer into the calculator to see your own figure.

With level-payment amortisation: the same payment every period, split between interest on the balance and principal. The interest share is largest at the start, when the balance is largest. Weekly and daily payments work the same way over more, smaller periods. The Payment schedule tab under the results shows the split for the numbers you entered, and downloads it as a CSV.

A large final payment. The regular payment is worked out as if the loan ran over a long amortization period, but the loan falls due sooner, and the balance still owed on that date is paid in one sum. The payment is lower than on a loan repaid in full over the shorter term; the balloon is the price of that. Switch the calculator to Balloon to see both figures.

The rate prices the money you owe; the APR also counts the fees. An origination fee taken out at funding means you receive less than you repay interest on, so the cost of the money, expressed as a yearly rate, is higher than the rate on the offer. When you enter a fee, the calculator shows that as an Estimated APR (for comparison), the figure to set offers side by side with.

Often, but read the prepayment clause first. Some agreements let you clear the balance and stop the interest; others charge a prepayment fee or state a fixed total, in which case paying early saves less than the schedule suggests. The calculator assumes you run the full schedule. Business loan terms explained covers the clauses to ask about.

The one from an offer, if you have it. If you do not, pick a round number to see the shape of the payment, then replace it when a real offer arrives. The rate box starts at a round example rate so the tool has something to show — it is not a quote, and Capital Gurus does not set rates.

An advance is a purchase of future receivables, not a loan. It carries a factor rate, not an interest rate, and there is no amortising balance to work out interest on. Multiply the funded amount by the factor rate and you have the payback amount; the merchant cash advance page explains the arithmetic.

No. It is arithmetic on the numbers you typed. A provider decides the amount, the rate and the term after reading your file, and the payment follows from their decision, not from this page. Capital Gurus is a broker and does not make that decision.

Yes. SBA loans amortise like any term loan, and the longer terms are exactly where the tool is useful. An SBA file also carries a guarantee fee set under SBA rules rather than by us; it is usually added to the loan, so add it to the amount when you know it.