Finance

Business Loan Calculator

Calculate payments for SBA loans, term loans, equipment financing, and lines of credit.

Formula:
M = P × [r(1+r)^n] / [(1+r)^n − 1]
Total Cost = Monthly Payment × Months + Fees

Business Loan Types

TypeRate RangeTermBest For
SBA 7(a)6-10%10-25 yrGeneral purpose, real estate
Term Loan7-30%1-5 yrWorking capital, expansion
Equipment5-15%3-10 yrEquipment purchases
Line of Credit8-25%RevolvingCash flow management

Qualifying Tips

  • Credit score 680+ for best rates
  • 2+ years in business preferred
  • Annual revenue documentation required
  • Collateral may lower your rate