Business Loan Calculator
Estimate your monthly payment, total interest, and total repayment on a business term loan.
A business term loan is repaid on a fixed schedule with a set interest rate, unlike a line of credit. This calculator uses standard amortization to figure your monthly payment, then adds a one-time origination fee, which most lenders charge upfront or roll into the loan.
What lenders actually look at
Rate and term matter, but so does the origination fee and any prepayment penalty. A loan advertised at a low rate with a 5% origination fee can cost more over two years than a slightly higher-rate loan with no fee. Always compare total cost, not just the headline rate.
Frequently asked questions
Should I choose a shorter or longer term?
A shorter term means higher monthly payments but less total interest. A longer term frees up monthly cash flow at the cost of paying more interest overall. Match the term to how long the financed asset or project will generate value.
Does the origination fee get financed?
It depends on the lender. Some deduct it from the disbursed amount, others add it to the loan balance. This calculator shows it as a separate upfront cost so you can compare offers on equal footing.