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About the Business Loan Calculator
This Business Loan Calculator computes the monthly payment, total interest, and total repayment cost for a fixed-rate commercial loan. Enter your loan details and you get a full payment schedule you can use to compare lending offers side by side.
The calculator uses the standard amortization formula P x r x (1+r)^n / ((1+r)^n - 1), where r is the periodic interest rate and n is the number of payments. You enter the loan amount, annual interest rate, and loan term in months or years. The tool then breaks each payment into principal and interest. Tip: run the same loan at several terms, since shorter terms raise the monthly payment but often cut total interest sharply.
- Enter the loan amount you expect to borrow.
- Add the annual rate and term from the lender's quote.
- Review the payment, total interest, and schedule, then repeat for other offers.