Business Loan Calculator

Calculate business loan payments and compare loan types. See amortization, break-even analysis, and early payoff savings for SBA, term, and equipment loans.

Loan Type

Loan Amount ($)

Interest Rate (%)

Loan Term

Extra Monthly Payment ($)

Monthly Payment

$2,051.65

Term Loan / 60 months

Total Interest

$23,099.19

Total Cost

$123,099.19

Effective Interest

23.1%

Interest / Principal

23.1%

Cost Breakdown

Principal: $100,000.00 (81.2%)

Interest: $23,099.19 (18.8%)

Break-Even Revenue Analysis

Monthly Revenue Needed

$6,838.84

at 30% profit margin

Daily Revenue Needed

$227.96

at 30% profit margin

Annual Revenue Needed

$82,066

at 30% profit margin

Revenue estimates assume a 30% net profit margin. Adjust for your actual margin: at 20% margin, multiply by 1.5x; at 10% margin, multiply by 3x.

Early Payoff with $500.00/mo Extra

Paid Off In

47 months

13 months sooner

Interest Saved

$5,545.97

New Total Interest

$17,553.22

All Loan Types Comparison ($100,000 requested)

Type	Effective Amt	Rate	Monthly	Total Interest	Total Cost
Term Loan(selected)	$100,000	8.50%	$2,051.65	$23,099	$123,099
SBA 7(a)	$100,000	8.50%	$2,051.65	$23,099	$123,099
Line of Credit	$75,000	8.50%	$531.25	$31,875	$106,875
Equipment Financing	$80,000	8.50%	$1,641.32	$18,479	$98,479

SBA 7(a) uses Prime+2.75% rate cap; Equipment uses 80% LTV; Line of Credit shows interest-only at 75% utilization.

Loan Scenario Comparison

Scenario	Amount	Rate	Term	Monthly	Total Interest
Primary	$100,000	8.5%	60mo	$2,051.65	$23,099.19
Scenario B	$150,000	7.0%	84mo	$2,263.90	$40,167.77
Scenario C	$75,000	10.0%	36mo	$2,420.04	$12,121.41

Compare Additional Scenarios

Scenario B

Scenario C

Amortization Schedule

How to Use Business Loan Calculator

1Enter the loan amount and interest rate
2Select the loan type and term
3View monthly payments and total cost
4Compare scenarios and payoff options

Frequently Asked Questions

What are typical business loan interest rates?▾

SBA 7(a) loans: 5.5-8%, term loans: 6-30%, lines of credit: 7-25%, and equipment financing: 4-20%. Rates depend on creditworthiness and loan type.

What is an SBA 7(a) loan?▾

SBA 7(a) is the most common SBA loan program, offering up to $5 million with favorable terms (up to 25 years for real estate, 10 years for other purposes) and competitive rates.

How much can I borrow for a business loan?▾

This depends on your business revenue, credit score, time in business, and collateral. Typical ranges: SBA up to $5M, term loans $5K-$500K, lines of credit $10K-$250K.

About Business Loan Calculator

Calculate business loan payments and compare loan types. See amortization, break-even analysis, and early payoff savings for SBA, term, and equipment loans.

NexTool's Business Loan Calculator is completely free to use with no sign-up required. Your data is processed directly in your browser and never sent to our servers, ensuring complete privacy and instant results.