Calculate business loan payments and compare loan types. See amortization, break-even analysis, and early payoff savings for SBA, term, and equipment loans. Tailored with tips and guidance for Calculators optimized for self-employed individuals, freelancers, and gig workers..
Get matched with lenders. Rates from 6.99% APR.
Automate invoicing, expenses, and tax prep. Free trial.
Sponsored · We may earn a commission at no cost to you
No spam. Unsubscribe anytime.
This business loan calculator is specifically designed for Calculators optimized for self-employed individuals, freelancers, and gig workers.. Whether you're just getting started or looking to optimize your financial strategy, this calculator provides the insights you need to make informed decisions.
Self-Employed & Freelancers face unique financial considerations that generic calculators don't address. Use the tips above alongside this business loan calculator to get a complete picture of your financial situation. The calculator is completely free, runs instantly in your browser, and never stores your personal data.
Get notified about new tools, features, and exclusive deals. No spam, ever.
| 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 |
| 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 |