Business Loan Calculator
Calculate monthly payments, total costs, and amortization schedules for business loans. Compare different loan options to find the best financing solution for your business needs.
Loan Summary
| Monthly Payment | $0.00 |
|---|---|
| Total Interest | $0.00 |
| Total Cost of Loan | $0.00 |
| Payoff Date | - |
| Interest Percentage | 0% |
| Effective Interest Rate | 0% |
About Business Loan Calculator
The Business Loan Calculator helps you determine the monthly payments, total interest, and total cost of a business loan. It can calculate different types of loans including regular amortizing loans, interest-only loans, and loans with balloon payments.
How to Use This Calculator
To calculate your business loan payments:
- Enter the loan amount you wish to borrow
- Specify the loan term in years and months
- Enter the annual interest rate
- Select the payment frequency (monthly, weekly, etc.)
- Optionally enter the loan start date and any fees
- Select the loan type (regular, interest-only, or balloon payment)
- Click "Calculate" to see your results
Understanding Business Loan Costs
When evaluating business loans, it's important to consider:
- Principal: The original amount borrowed
- Interest: The cost of borrowing the money
- Loan Term: How long you have to repay the loan
- Payment Frequency: How often payments are made
- Fees: Any upfront or ongoing costs associated with the loan
- Effective Interest Rate: The true cost of the loan including fees
Types of Business Loans
Regular Loan: Payments include both principal and interest, with the loan fully paid off by the end of the term.
Interest-Only Loan: Payments cover only the interest during the loan term, with the full principal due at the end.
Balloon Payment Loan: Regular payments are made, but a large lump sum (balloon payment) is due at the end of the term.