Business Loan Calculator
Calculate your business loan payments, total interest, and loan costs. Plan your business financing with confidence.
Business Loan Calculator
Monthly Payment
$2,052
Term Loan
Total Payment
$123,099
Total Interest
$23,099
Loan Summary
Loan Type:Term Loan
Principal:$100,000
Interest Rate:8.5%
Loan Term:60 months
Fixed amount with regular payments
Understanding Business Loans
Business loans provide capital for operations, expansion, equipment purchases, working capital, and other financing needs.
Types of Business Loans
- Term Loans: Lump sum with fixed repayment schedule
- Lines of Credit: Flexible borrowing up to a limit
- SBA Loans: Government-backed loans for small businesses
- Equipment Financing: Loans specifically for equipment purchases
- Invoice Financing: Advances on outstanding invoices
Qualification Requirements
- Business credit score and history
- Personal credit score (for small businesses)
- Business financial statements
- Business plan and purpose of funds
- Collateral or personal guarantee