Calculate monthly payments, interest costs, and loan terms for SBA loans, commercial loans, and small business financing
Government-backed small business loans
• Prepare a solid business plan
• Maintain good business credit
• Consider SBA loan programs
• Compare multiple lenders
• Understand all terms and fees
Our free business loan calculator helps you estimate monthly payments, total interest costs, and loan terms for various business financing options. Whether you're starting a new business, expanding operations, or refinancing existing debt, this calculator provides accurate estimates to help you make informed business decisions.
Business loans come in many forms, including SBA loans, commercial loans, equipment financing, and business lines of credit. Each type has different terms, rates, and qualification requirements. Understanding these differences helps you choose the right financing option for your business needs.
SBA loans are government-backed loans that offer favorable terms for small businesses. The SBA guarantees a portion of the loan, reducing risk for lenders and allowing them to offer better rates and terms. Popular SBA programs include 7(a) loans, 504 loans, and microloans.
Lenders evaluate several factors when considering business loan applications. These include business credit score, personal credit score, business plan, financial statements, cash flow, collateral, and industry risk. Strong financials and a solid business plan increase your chances of approval.
Business loans typically offer higher loan amounts, longer terms, and potentially lower rates than personal loans. They're designed specifically for business purposes and may offer tax advantages. However, they often require more documentation and may require personal guarantees.
Beyond traditional business loans, consider equipment financing, invoice factoring, merchant cash advances, or business credit cards. Each option has different terms and may be more suitable for specific business needs or situations.