Business Loan Calculator
Calculate business loan payments, total costs, and analyze financing options.
Loan Details
Payment Summary
Monthly Payment
$$2027.64
Annual Payment
$$24331.67
Total Interest
$$21658.37
Total Cost
$$124658.37
Loan Analysis
Loan Amount
$$100000.00
Est. Origination Fee
$$3000.00
Effective Rate
5.1%
Min. Income (1.25x)
$$30414.59/yr
Loan Types Comparison
Term Loan
Fixed payments, full amortization. Best for equipment, expansion. Rates: 6-13%
Line of Credit
Flexible draw, interest-only. Best for working capital, inventory. Rates: 7-25%
SBA 7(a) Loan
Government-backed, lower rates. Best for startups, real estate. Rates: prime + 2.25-4.75%
Qualification Factors
Lenders consider: credit score (680+ preferred), time in business (2+ years), annual revenue, debt service coverage ratio (1.25x), collateral, industry risk. SBA loans require more documentation but offer better terms.