Model different loan amounts, rates, and terms before you apply. See your estimated monthly payment, total cost, and full amortization schedule instantly. Clark, NJ 07066.
*Estimate only. Actual rate depends on business financials. Checking rate has no credit impact.
Displaying initial year plus closing payment
| Month | Payment Due | Principal Amount | Interest Charges | Outstanding Balance |
|---|
The fixed amount your business pays each month. Compare this against your monthly cash flow - most lenders look for a debt service coverage ratio (DSCR) of 1.25x or higher.
This represents the overall cost of your loan. Opting for shorter terms and lower amounts can lessen your interest liabilities. Adjust the settings to find a balance between manageable monthly payments and reduced total costs.
Observe how your payments are allocated to principal versus interest. Payments made at the start primarily cover interest, while later installments accelerate principal reduction.
Representative monthly payment estimates based on common borrowing amounts and various interest rate situations (60-month duration)
| Loan Amount Requested | Interest Rate A | Interest Rate B | Interest Rate C | Interest Rate D | Interest Rate E |
|---|---|---|---|---|---|
| $25,000 | $495 | $531 | $595 | $662 | $733 |
| $50,000 | $990 | $1,062 | $1,190 | $1,324 | $1,465 |
| $100,000 | $1,980 | $2,125 | $2,379 | $2,649 | $2,930 |
| $250,000 | $4,950 | $5,312 | $5,948 | $6,622 | $7,326 |
| $500,000 | $9,901 | $10,624 | $11,895 | $13,244 | $14,651 |
Use the calculator as your benchmark, then pre-qualify to compare real offers from 75+ business lenders with a single soft pull.
Select a monthly payment that your business can manage without strain, then calculate the loan amount accordingly. Lenders usually look for a debt service coverage ratio (DSCR) of at least 1.25, which indicates that your net operating income should exceed your total debt obligations by 25%.
While shorter loans, like those with a 36-month term, require less overall interest, they generally have higher monthly payments. Longer repayment terms can ease your monthly burden but typically result in more interest paid overall. The amortization schedule can clarify this balance.
While lenders share a range of costs as per the Truth in Lending Act (TILA), not every expense is included here. Certain business loans might involve origination fees, SBA guarantee fees, or penalties for early repayment that this calculator does not reflect. It’s wise to analyze the total cost of capital when comparing different loan offers.
This calculator is designed to provide preliminary estimates. Once you identify a payment range that suits your enterprise, proceed to pre-qualify through our marketplace to evaluate actual deals from licensed lenders. A soft credit inquiry means there will be no impact on your credit score.