Business Loan Calculator

Calculate your monthly business loan payments and see exactly how your loan breaks down over time.

Quick loan amounts:

$1,000 - $10,000,000
0.1% - 25%
1 - 25 years
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Enter your business loan details above and click Calculate to see your payment schedule and total costs.

Understanding Business Loans

Types of Business Loans

  • Term Loans: Fixed amount repaid over time
  • SBA Loans: Government-backed, lower rates
  • Equipment Financing: For business equipment
  • Lines of Credit: Flexible borrowing

Typical Business Loan Rates

  • SBA Loans: 6% - 13% APR
  • Bank Term Loans: 7% - 15% APR
  • Online Lenders: 10% - 25% APR
  • Equipment Loans: 6% - 18% APR

Factors Affecting Your Rate

  • Business credit score and history
  • Time in business (2+ years preferred)
  • Annual revenue and cash flow
  • Collateral availability
  • Industry and business plan

Tax Benefits

Interest paid on business loans is generally tax-deductible as a business expense. This effectively reduces the true cost of borrowing for your business.

Consult a tax professional for your specific situation.

Frequently Asked Questions

What is a typical business loan interest rate?

Business loan interest rates typically range from 6% to 25% depending on the lender, loan type, and your business's creditworthiness. SBA loans often have lower rates (6-13%), while online lenders may charge higher rates (10-25%).

How long can I take to repay a business loan?

Business loan terms typically range from 1 to 25 years. Short-term loans (1-3 years) are common for working capital, while equipment loans and SBA loans may extend to 10-25 years.

Is business loan interest tax-deductible?

Yes, interest paid on business loans is generally tax-deductible as a business expense. This can significantly reduce the effective cost of borrowing. Consult a tax professional for your specific situation.

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