Calculate the monthly payment, total interest and total cost of a fixed-rate business loan.
Monthly payment—USD
Total of all payments—USD
Total interest—USD
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About the Business Loan Calculator
A business loan is repaid through fixed monthly installments that combine principal and interest, just like a personal installment loan, but sized for financing equipment, inventory or working capital.
Formula: M = P × [r(1+r)n] ÷ [(1+r)n − 1], where P is the loan amount, r is the monthly interest rate, and n is the number of monthly payments.
Comparing the total interest across different lenders and terms, not just the monthly payment, is the best way to judge the true cost of financing your business.