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Business Loan Calculator

Plan your business financing with this loan calculator. Calculate monthly payments, total interest costs, and view a complete amortization schedule.

Payment Amount

Calculate your monthly payments

Total Interest

Understand total interest costs

Amortization

View payment schedule

Loan Calculator

Calculate your loan payments and total costs

R

The total amount you want to borrow

%

The annual interest rate of the loan

Length of the loan in years (e.g., 5 for a 5-year loan)

How often you'll make payments on the loan

Ready to Calculate

Enter your loan details to see payment schedule and costs

Understanding Business Loans

Learn about different types of business loans and key terms to make informed financing decisions

Types of Business Loans

Term Loans:

A lump sum paid back with regular payments over a set period

SBA Loans:

Government-backed loans with favorable terms for small businesses

Lines of Credit:

Flexible access to funds up to a preset limit

Equipment Financing:

Loans specifically for purchasing equipment, using the equipment as collateral

Key Loan Terms

Principal:

The original loan amount that you borrow before interest

Interest Rate:

The percentage charged on the principal, expressed annually (APR)

Loan Term:

The period over which you'll repay the loan, typically in months or years

Amortization:

The process of paying off a loan with regular payments, gradually reducing the principal

Tips for Loan Success

Compare offers from multiple lenders
Understand all fees, not just interest rate
Consider payment impact on cash flow
Check for early repayment penalties

Pro Tip

When calculating the true cost of a business loan, don't forget to consider the tax implications. In many cases, interest paid on business loans is tax-deductible, which can reduce the effective cost of borrowing. Consult with your accountant to understand how a loan will affect your business's tax situation.

Important Disclaimer

Accounter does not provide accounting, tax, business or legal advice. This calculator has been provided for information purposes only. You should consult your own professional advisors for advice directly relating to your business.