Online Tool Store
Business Loan Calculator
Estimate monthly business loan payments, interest, fees, and total borrowing cost for free. Calculations run privately in your browser.
🔒 This tool runs entirely in your browser. Your files are never uploaded to a server.
Example shown: a $100,000 loan at 8% for five years with $1,000 in fees.
Monthly payment
$2,027.64
Total interest
$21,658.37
Total cost with fees
$122,658.37
Cost as % of principal
22.66%
How business loan payments are estimated
- Enter the principal, fixed annual interest rate, term, and upfront fees.
- The calculator converts the annual rate to a monthly rate and calculates equal monthly payments.
- Compare monthly payment, total interest, fees, and total borrowing cost when reviewing offers.
The payment formula
For principal P, monthly rate r, and n monthly payments, the amortized payment M is:
M = P x r / (1 - (1 + r)^-n)
Total interest equals all monthly payments minus the original principal. Upfront fees are then added to show total borrowing cost. This estimate assumes a fixed rate, monthly payments, and no extra payments or balloon balance.
FAQ
How is the monthly business loan payment calculated?
The calculator uses the standard fixed-rate amortization formula based on principal, monthly interest rate, and number of monthly payments.
Are upfront fees included in the monthly payment?
No. Fees are added to total borrowing cost but not financed into the monthly payment. Add them to the loan amount if the lender finances those fees.
What happens when the interest rate is zero?
The principal is divided evenly across the number of monthly payments, with no interest added.
Is this the same as an APR calculation?
No. The input is treated as a nominal annual interest rate. APR may include fees and other costs using a lender-specific disclosure method.
Can the result predict the loan offer I will receive?
No. It estimates a fixed-payment loan from the values entered. Approval, actual rates, payment frequency, and lender charges depend on the loan agreement.
How we compare
| Feature | Online Tool Store | NerdWallet | Bankrate |
|---|---|---|---|
| Monthly payment estimate | Included | Included | Included |
| Interest and total cost | Includes separate upfront fees | Principal, interest, and fees breakdown | Loan cost and monthly payment |
| Currency formatting | USD, GBP, EUR, CAD, AUD | Market-specific calculator | US dollar focus |
Choose NerdWallet for detailed lending guides or Bankrate for broader loan-market information. Choose Online Tool Store Business Loan Calculator for an immediate, focused comparison of payments, interest, upfront fees, and total cost.