How this calculation works
This uses the standard amortizing-loan formula lenders use for term loans — drag the sliders above to match a real offer and see the monthly payment, total interest and full payoff schedule update instantly.
Frequently asked questions
Why do business loan rates often run higher than personal loan rates?
Lenders generally see business lending as higher risk, especially for newer companies without a long financial track record — rates often reflect time in business, revenue, and personal credit of the owner alongside the business's own financials.
Should I compare APR or just the interest rate?
APR, when available — it bundles in origination fees and other costs that a bare interest rate leaves out, giving a more accurate true cost of borrowing to compare across lenders.
This calculator provides estimates for general informational purposes only and is not financial advice. Actual business loan rates and terms depend on your lender, revenue and credit profile.