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Business Loan Calculator: Estimate Your Payments

Use this business loan calculator to estimate your monthly payments and interest based on the loan term and APR.
Steve NicastroJanuary 4, 2021
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.
The Paycheck Protection Program officially ended May 31, 2021. Read our PPP page for more information or visit our PPP Loan Forgiveness Guide.
If you’re in the market for a small-business loan, using a business loan calculator can help you determine the loan’s affordability before you apply.
Enter the loan amount, loan term and estimated annual percentage rate to find out your monthly payments and total interest costs. Then view business loan options based on your credit score.

How Much Do You Need?

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Business loan calculator

Understanding your calculated results

Monthly payment: This is the fixed amount you’ll repay each month and includes principal, interest and fees.
Total payments: This is the sum of all the payments to be made on the loan, which includes the amount you've borrowed, plus interest and fees.
Total interest paid: The total interest paid represents what the lender is charging you for the loan. If you repay early, you may be able to save on interest.
APR: This number represents the true annual cost of the loan and makes it easier to do an apples-to-apples comparison between products. Some lenders do not provide APR and instead give a general interest rate that does not include any fees.
APR for business loans depends on your credit score and your business’s finances, including annual revenue and time in business.

Frequently Asked Questions

Does your business need funding? Find your best loan options with Fundera by NerdWallet.

See Your Loan Options