Business loan payment calculator
Amortizing term loans: enter the amount, APR, term, and any origination fee to see the monthly payment, total interest, and the effective APR once the fee is counted.
Monthly payment$1,661
Total interest$9,786
Origination fee$1,500
Total cost (interest + fee)$11,286
Total paid$59,786
Effective APR
including the fee14.1%
Educational estimate. Assumes equal monthly payments and a fee deducted up front; not a quote.
including the fee14.1%
Payment by amount (illustrative)
Hypothetical assumptions: 12% APR, 3% origination fee. Your rate, fee, and term will differ; use the calculator above with your own offer.
| Amount | 12 months | 36 months | 60 months | Total interest (36 mo.) |
|---|---|---|---|---|
| $10,000 | $888 | $332 | $222 | $1,957 |
| $25,000 | $2,221 | $830 | $556 | $4,893 |
| $50,000 | $4,442 | $1,661 | $1,112 | $9,786 |
| $100,000 | $8,885 | $3,321 | $2,224 | $19,572 |
| $250,000 | $22,212 | $8,304 | $5,561 | $48,929 |
Reading the numbers
- A longer term lowers the payment and raises total interest; match the term to the payoff of what the money buys.
- The fee raises the effective APR more on short terms than long ones.
- To compare a loan against an advance, use this calculator for the loan and the factor rate calculator for the advance, then compare total cost and estimated APR.
What is a good APR for a business loan?
It depends on the lender type, your file, the term, and current market rates; published ranges go stale fast. Compare written offers including fees using the effective APR above.
Does this calculator work for SBA loans?
For fixed-rate SBA loans, yes for the payment math; SBA loans carry guarantee fees and may have variable rates, so use the lender’s figures for those.
See which options fit your numbers
Inquiries are not open yet. You can preview the three-minute questionnaire now, and use the calculator and comparisons freely.