Business Loan Calculator

With standard amortization: M = P x r x (1+r)^n / ((1+r)^n - 1), where P is the amount borrowed, r is the monthly rate, and n is the number of months. A $50,000 loan at 10% over 5 years is about $1,062/month.

Common ones include an origination fee (1–8% of the loan, often deducted up front), plus possible packaging, underwriting, or SBA guarantee fees. Because fees reduce the cash you actually receive, they raise your effective cost — the true APR — above the stated rate. Enter the origination fee above to see it.

Traditional loans quote an APR (annualized cost including fees). Some short-term lenders and merchant cash advances quote a factor rate (e.g. 1.3), meaning you repay 1.3x the amount borrowed regardless of term — which can translate to a very high APR. Always convert to APR to compare.

Term loans commonly run 1–5 years; SBA 7(a) loans can extend to 10 years (or 25 for real estate). Longer terms lower the monthly payment but increase total interest. Equipment and working-capital loans are usually shorter.

Generally, interest on a loan used for business purposes is tax-deductible as a business expense (the principal is not). Rules and limits apply — confirm with your accountant for your situation.