Free Online Business Loan Calculator - Plan Your Company Financing

The calculator uses the standard amortization formula: P = [r*PV] / [1 - (1+r)^-n], where P=payment, r=monthly interest rate, PV=loan amount, n=total payments. It accounts for different loan types, compounding frequencies, and payment structures specific to commercial lending.

Interest rate is the cost of borrowing principal, while APR (Annual Percentage Rate) includes all fees (origination, processing, closing costs) to show the true annual cost. Our calculator displays both to help you compare loan offers accurately across different lenders.

Select "SBA 7(a) Loan" type for government-backed loans up to $5M. The calculator includes SBA-specific terms: 10-25 year terms for real estate, 7-10 years for equipment, lower down payments (10-20%), and considers SBA guarantee fees (2-3.75%) in the APR calculation.

Compare: Term Loans (fixed payments), Lines of Credit (flexible draw), Equipment Financing (asset-backed), Commercial Real Estate Loans (long-term), Invoice Factoring (receivables-based), and Merchant Cash Advances (revenue-based). Each has unique payment structures analyzed by the calculator.

Longer terms reduce monthly payments but increase total interest significantly. A $100K loan at 7%: 5-year term = $20,879 total interest; 10-year term = $39,330 interest. Use the comparison feature to balance affordability with total cost.

Yes! Enable "Advanced Options" to set interest-only periods (6-24 months common for startups), balloon payments (lump sum at term end), or graduated payment structures. Essential for businesses with seasonal cash flow or planned growth phases.