Business Loan Calculator
Compute the payback schedule for a business loan, then layer in origination fees, documentation and other costs to expose the real APR. SBA-style loans, term loans and equipment financing all follow this math.
TheCalculators — Business Loan Calculator
Printed thecalculators.com
Payback Every Month
$212.47
$10,000 over 5.00 yrs · real APR 15.93%
- Loan Amount
- $10,000.00
- Number of Payments
- 60
- Interest
- $2,748.23
- Fees (origination + docs + other)
- $1,250.00
- Interest + Fees
- $3,998.23
- Total of Payments
- $12,748.23
- Real Rate (APR)
- 15.93%
- Fee Drag
- +5.93% over nominal
Where the money goes
- Principal$10,000
- Interest$2,748
- Fees$1,250
Amortization schedule
Approx. $250.00 of fee cost per year of the 5.00-yr term.
SBA 7(a) and 504 loans are partially guaranteed by the government, which lowers rates but adds guarantees fees and paperwork. Bank term loans, equipment financing and merchant cash advances vary wildly — always compare on real APR, not the headline rate.
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Formula
Payment = P·i/(1−(1+i)^−n) with i = (1+APR/12)^(12/ppy)−1; Real APR solves PV of payments = loan − fees
Pro tips
- • A 5% origination fee on a 2-year loan nearly doubles the effective rate versus a 10-year loan.
- • SBA guarantee fees run roughly 2–3.75% depending on loan size and term.
- • Monthly payments hide less cost than daily/weekly debit arrangements from merchant lenders.
FAQ
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