Make informed financing decisions with our free business loan calculator. Compare different loan scenarios, understand your monthly payments, and analyze total interest costs before committing to a business loan.
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Whether you're expanding your business, purchasing equipment, or managing working capital, understanding the full cost of your business loan is crucial. Our calculator helps you evaluate different loan scenarios by considering key factors:
The initial amount you borrow, ranging from $1,000 to $1,000,000. Consider carefully how much funding your business truly needs to avoid over-borrowing.
Annual interest rates typically range from 3% to 20%, depending on your credit score, business history, and loan type. Lower rates significantly reduce your total cost of borrowing.
Choose a repayment period between 1 and 30 years. Longer terms reduce monthly payments but increase total interest paid over the life of the loan.
Select weekly, bi-weekly, or monthly payments. More frequent payments can reduce total interest costs and help with cash flow management.
Our business loan calculator provides detailed insights into your loan's cost structure: