Free tool
Free Business Loan Calculator
Small business loan payment & amortization calculator
Calculate business loan monthly payments, total interest, and amortization schedules. Compare two loan scenarios, estimate how much you can borrow, model extra payments, and plan balloon-payment loans, for SBA, commercial, equipment, startup, and small business financing.
Equipment, property, or vehicle purchase
5, 10, 15, 20, or 30 year terms
Results
Monthly payment = P × [r(1+r)ⁿ] ÷ [(1+r)ⁿ − 1], where P = loan amount, r = monthly rate, n = months. This free business loan calculator with amortization runs in your browser, no download or signup.
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Online business loan calculator for monthly payments
This loan calculator business tool and business loan repayment calculator handles fixed-rate amortizing loans for small businesses, startups, and commercial borrowers. Whether you need a business loan payment calculator, business loan interest rate calculator, or business loan amortization calculator, enter your amount, rate, and term to get instant results. A simple business loan calculator online, no business loan calculator download required.
Business loan calculator formula
The standard business loan monthly payment calculator formula:
- Monthly payment = P × [r(1+r)ⁿ] ÷ [(1+r)ⁿ − 1]
- Total interest = (Monthly payment × n) − P
- Total cost = Total payments + Down payment
P = principal, r = monthly rate (APR ÷ 12), n = term in months. This business loan calculator formula applies to term loans, equipment finance, and commercial mortgages with fixed rates.
Small business & SBA loan calculator
Model SBA 7(a) and SBA business loan calculator scenarios with 10–25 year terms. Use as a small business loan calculator, startup business loan calculator, business acquisition loan calculator, franchise business loan calculator, or business equipment loan calculator. Compare rates from banks, credit unions, and online lenders before you apply.
Commercial, property & equipment loans
Calculate payments for commercial business loan calculator use cases: business real estate loan calculator, business property loan calculator, business building loan calculator, business vehicle loan calculator, business car loan calculator, business construction loan calculator, and business mortgage loan calculator scenarios. Add a down payment to model secured business loan calculator purchases.
Business loan calculator UK, Australia & Canada
Select GBP for business loan calculator UK and business loan repayment calculator UK formatting. AUD for business loan calculator Australia and business loan repayment calculator Australia. CAD for business loan calculator Canada. INR for business loan EMI calculator India. ZAR for business loan calculator South Africa. Works as a business loan calculator NZ and business loan calculator Ireland estimator with local currency display.
Amortization, extra payments & balloon loans
View a business loan amortization schedule calculator breakdown for the first 12 months. Extra payments mode shows interest saved and months shaved off your term, a business loan payoff calculator and business loan calculator with extra payments in one. Balloon mode models business loan calculator with balloon payment structures common in commercial lending.
Business loan calculator Excel & spreadsheet
Building a business loan calculator spreadsheet or business loan calculator excel template? Use PMT() in Excel: =PMT(rate/12, months, -principal). This business loan calculator excel alternative avoids formula errors. Copy monthly payment, total interest, and amortization rows into your business loan calculator google sheets workbook.
How much can I borrow?
The business loan eligibility calculator and how much can I borrow business loan calculator modes reverse the payment formula from your monthly budget. Enter what you can afford per month, your expected rate, and term to estimate maximum loan amount, a business loan borrowing calculator before pre-approval.
Frequently asked questions
How do I calculate monthly payments for a business loan?
Use the formula: Monthly payment = P × [r(1+r)ⁿ] ÷ [(1+r)ⁿ − 1], where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12), and n is the number of months. Enter your loan amount, annual interest rate, and term in years, this business loan monthly payment calculator returns the payment instantly. Subtract any down payment from the loan amount first.
What interest rate and term should I choose for my loan?
Shorter terms (5–7 years) mean higher monthly payments but less total interest. Longer terms (10–25 years) lower monthly payments but increase total cost. SBA loans often run 10–25 years; equipment loans 5–10 years. Use Compare mode to see how a 7% 10-year loan stacks against a 6.5% 7-year loan on the same principal.
How much total interest will I pay over the life of the loan?
Total interest = (Monthly payment × Number of months) − Loan principal. This business loan interest calculator shows total interest and total cost of borrowing alongside your monthly payment. A $250,000 loan at 7.5% over 10 years costs roughly $106,000 in interest, exact figures appear in the results panel.
Can I compare different loan scenarios with varying rates and terms?
Yes. Use Compare mode to run two side-by-side scenarios with different loan amounts, interest rates, and terms. See monthly payment difference and total interest difference between Loan A and Loan B, ideal for comparing SBA vs conventional, bank vs online lender, or short-term vs long-term business term loan options.
How does an extra payment affect my loan payoff timeline?
Extra payments go directly to principal, reducing the balance faster. Each extra dollar lowers future interest and shortens the loan. Use Extra payments mode: enter your loan details plus a monthly extra amount to see months saved and total interest saved vs the standard schedule.
What is a business loan amortization calculator?
An amortization calculator business loan tool breaks each payment into principal and interest over the loan term. Early payments are mostly interest; later payments are mostly principal. This business loan calculator with amortization schedule shows the first 12 months and total interest over the full term.
How much can I borrow with a business loan?
Use How much can I borrow? mode. Enter your monthly payment budget, interest rate, and term, the calculator reverses the payment formula to find maximum loan amount. Useful for business loan affordability calculator and business loan borrowing power calculator planning before applying to a bank or SBA lender.
Is this business loan calculator free?
Yes. This free business loan calculator runs online with no account. Use it as a small business loan calculator, SBA business loan calculator, commercial business loan calculator, startup business loan calculator, or equipment loan payment estimator, USA, UK, Australia, Canada, India, and South Africa currencies supported.
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