Business Loan Calculator
Calculate the monthly payment, total interest, and APR (after fees) on a small-business term loan.
Inputs
Monthly payment
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APR including fees
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Total interest
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Total paid
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Net cash received
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About Business Loan Calculator
SBA 7(a) loans
Government-backed loans up to $5M with rates capped at WSJ Prime + 2.75% (variable) or Treasury + 2.50% (fixed). Slower to close but lower rates than non-bank lenders.
Watch the APR
A "10% rate" with 5% origination fees can be effective APR of 14-16% on a short-term loan. Always compute the APR (this calculator does), not just the stated rate.
MCA / revenue financing
Merchant cash advances quote a "factor rate" (e.g., 1.35) instead of APR. A 12-month MCA at 1.35 is roughly 70%+ APR — much more expensive than a traditional term loan.