BESTUTILS

Business Loan Calculator

Calculate monthly payments, total interest, and create an amortization schedule for your business loan. Make informed decisions about your business financing.

Loan Details

Loan Amount ($)

Annual Interest Rate (%)

Loan Term

Loan Type

Down Payment ($)

Additional Monthly Payment ($)

Loan Summary

Enter loan details to see payment calculations

Amortization Schedule

Calculate loan to view amortization schedule

How to Use the Business Loan Calculator

Step-by-Step Instructions

Enter the total loan amount you need
Input the annual interest rate
Set the loan term in years and/or months
Choose between fixed or variable rate
Add down payment if applicable
Include extra monthly payments if planned
Click "Calculate Loan" to see results

Understanding Results

Monthly Payment: Your required monthly payment
Total Interest: Total interest paid over loan term
Total Payment: Principal + Interest combined
Payoff Date: When the loan will be fully paid
Amortization: Breakdown of each payment

Business Loan Tips

Compare rates from multiple lenders
Consider SBA loans for better terms
Factor in loan fees and closing costs
Ensure cash flow can handle payments
Consider shorter terms to save on interest

About This Business Loan Calculator

Our business loan calculator helps entrepreneurs and business owners evaluate financing options by calculating monthly payments, total interest costs, and creating detailed amortization schedules. The tool supports various loan types including SBA loans, equipment financing, and traditional business loans. Use it to compare different loan scenarios and make informed decisions about your business financing needs.