Business loan payment calculator
Enter the amount, interest rate and term to see your monthly payment, the total interest you will pay and how every payment splits.
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Example numbers. Change them to match a quote you have.
Five years is 60 months; ten years is 120.
Monthly payment
$2,224.44
- Total interest
- $33,467
- Total paid
- $133,467
Your amount carries into the quiz, already filled in.
For comparison: at 10.98% APR, a bank small-business average for owners who qualify, the same loan costs about $30,395 in interest.
Equal monthly payments, no fees. Add any loan fees in the offer comparer to see their effect. An estimate, not an offer.
Amortization schedule
How each payment splits between interest and principal.
How the math works
Most business term loans are paid in equal installments. Each payment covers the interest charged on the balance that month, and the rest pays down principal. The calculator uses the standard formula for equal payments and builds the schedule one month at a time.
Two numbers move the payment most: the rate and the term. A longer term lowers the monthly payment but raises the total interest, because you owe the money for longer. Run both versions before you choose.
Where SBA loans fit
The SBA's 7(a) program is its main business loan program, and the maximum 7(a) loan is $5 million. Rates are negotiated between you and the lender, subject to SBA maximums tied to the prime rate. Terms are usually ten years or less, and up to 25 years when the loan pays for real estate.
Comparing a loan with a cash advance? Use the MCA true-cost calculator or the offer comparer.
Common questions
Sources
- U.S. Small Business Administration, 7(a) loans, accessed Oct 20, 2026
- U.S. Small Business Administration, Terms, conditions, and eligibility (7(a) maturity and interest rates), accessed Oct 20, 2026