Business Loan Calculator
Calculate the monthly payment and total cost of a business loan, including any origination fee.
- Principal$75,000.00 · 78%
- Total Interest$19,508.38 · 20%
- Origination Fee$1,500.00 · 2%
For every dollar borrowed, you pay back $1.26 — interest adds 26% on top.
- Origination Fee$1,500.00
- Total Cost of Loan$96,008.38
About the Business Loan Calculator
Business loan offers span a wide range of structures — bank term loans, online lender products, SBA-backed loans — and they vary enormously in origination fees, which many owners overlook while comparing rates alone. This calculator adds the origination fee into the total cost of the loan, so you're comparing what an offer actually costs your business, not just the headline interest rate.
It's for small business owners evaluating financing for working capital, equipment, expansion, or a cash flow gap, especially when comparing multiple lender offers that structure their fees differently.
Business financials aren't something most owners want sitting in a lender's marketing database before they've decided anything — this calculator keeps every number local to your browser, with nothing submitted anywhere.
Frequently asked questions
What credit score do I need to qualify for a business loan?
It depends on the lender type — traditional banks often want 680+ personal and business credit, while online lenders and some SBA-backed products work with scores in the low-to-mid 600s, usually at a higher rate to offset the risk.
How is a business loan different from an SBA loan?
An SBA loan is partially guaranteed by the U.S. Small Business Administration, which lets banks offer better rates and longer terms than they otherwise would for a similar-risk business — but SBA loans typically take longer to fund and require more documentation than a standard bank or online business loan.
What's a typical interest rate on a small business loan?
It varies widely by lender and your business's financial profile — bank and SBA loans often land in the high single digits to low teens, while online lenders and merchant cash advances can run substantially higher, sometimes into the 30-90%+ range when expressed as an APR.
Do I need collateral to get a business loan?
Many term loans and SBA loans require collateral or a personal guarantee, especially for larger amounts, though some online lenders offer unsecured loans (typically at higher rates) based mainly on revenue and cash flow.
Can I deduct business loan interest on my taxes?
Generally yes — interest paid on a loan used for legitimate business purposes is typically tax-deductible as a business expense, but confirm your specific situation with a tax professional, since how the loan proceeds are used matters.
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