Business Loan Calculator - Calculate the Payback Amount and the Total Costs of a Business Loan
Business Loan Payment Calculator
Year Month
Payment Summary
Payment Every Month
Total Payments
Total Interest
Total Fee
Interest Add Fee
Real rate (APR)
Total Cost
Detailed Amortization Schedule
| # | Starting Balance | Principal | Interest | Ending Balance | Total Principal Paid | Total Interest Paid | Total Payments Paid |
|---|
Principal vs Interest Distribution Analysis
Payment Progress & Balance Trend Analysis
How to Use This Business Loan Calculator
Step-by-Step Instructions
- Enter Loan Amount: Input the total amount you want to borrow for your business
- Set Interest Rate: Enter the annual interest rate offered by your lender (as a percentage)
- Define Loan Term: Specify how long you want to take to repay the loan (years and months)
- Select Compounding Method: Choose how often interest compounds (typically monthly for most business loans)
- Choose Payment Frequency: Select how often you'll make payments (monthly is most common)
- Add Fees: Include origination fees, documentation fees, and other costs
- Calculate: Click "Calculate Loan" to see your results, payment schedule, and total costs
What Is the Monthly Payment on a $40,000 Business Loan?
If you take out a $40,000 business loan for 5 year with an APR of 6%, your monthly payment will be $773.31.
| Annual Percentage Rate | Monthly payment(Term 5-year) | Monthly payment(Term 10-year) |
|---|---|---|
| 5% | $754.85 | $424.26 |
| 5.5% | $764.05 | $434.11 |
| 6% | $773.31 | $444.08 |
| 6.5% | $782.65 | $454.19 |
| 7% | $792.05 | $464.43 |
| 7.5% | $801.52 | $474.81 |
| 8% | $811.06 | $485.31 |
| 8.5% | $820.66 | $495.94 |
| 9% | $830.33 | $506.70 |
| 9.5% | $840.07 | $517.59 |
| 10% | $849.88 | $528.60 |
| 10.5% | $859.76 | $539.74 |
References
Federal Regulations & Standards
- Truth in Lending Act (TILA): CFPB Regulation Z (12 CFR 1026) - Governs APR calculation standards
- Small Business Administration (SBA): SBA Loan Programs - Official government small business lending information
- Federal Reserve: Small Business Credit Survey - Annual business lending statistics
- Bureau of Labor Statistics: Business Dynamics Statistics - Economic data affecting business lending
Financial Industry Standards
- FDIC: Consumer Protection Resources - Banking regulations and consumer rights
- OCC: Office of the Comptroller of the Currency - National bank lending oversight
- National Association of Government Guaranteed Lenders: NAGGL Resources - Government-backed lending standards
📖 Educational Resources
- USA.gov Business Loans: Official Government Business Loan Guide
- IRS Business Resources: Tax Implications of Business Loans
- Treasury.gov: Federal Small Business Programs
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