Business Loan Calculator
Estimate business loan payments and totals.
Calculator Inputs
Loan amount and terms
Results
Payment and totals
Monthly payment
$2,028
Total interest
$21,658
Total paid
$121,658
Balance Over Time
Remaining balance by year
Principal vs Interest by Year
All 5 years
Yearly Breakdown
First 15 years. Download full schedule for all 5 years.
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | $16,944 | $7,388 | $83,056 |
| 2 | $18,350 | $5,981 | $64,706 |
| 3 | $19,873 | $4,458 | $44,832 |
| 4 | $21,523 | $2,809 | $23,309 |
| 5 | $23,309 | $1,022 | $0 |
Payment Schedule
First 15 months. Download full schedule below for all 60 months.
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $2,028 | $1,361 | $667 | $98,639 |
| 2 | $2,028 | $1,370 | $658 | $97,269 |
| 3 | $2,028 | $1,379 | $648 | $95,890 |
| 4 | $2,028 | $1,388 | $639 | $94,501 |
| 5 | $2,028 | $1,398 | $630 | $93,104 |
| 6 | $2,028 | $1,407 | $621 | $91,697 |
| 7 | $2,028 | $1,416 | $611 | $90,281 |
| 8 | $2,028 | $1,426 | $602 | $88,855 |
| 9 | $2,028 | $1,435 | $592 | $87,419 |
| 10 | $2,028 | $1,445 | $583 | $85,975 |
| 11 | $2,028 | $1,454 | $573 | $84,520 |
| 12 | $2,028 | $1,464 | $563 | $83,056 |
| 13 | $2,028 | $1,474 | $554 | $81,582 |
| 14 | $2,028 | $1,484 | $544 | $80,098 |
| 15 | $2,028 | $1,494 | $534 | $78,605 |
How It Works
Step 1: Enter Your Loan Details
- Loan Amount ($): Enter the total amount you plan to borrow. Example: $100,000.
- Annual Interest Rate (%): Input your yearly interest rate as a percentage. Example: 8%.
- Term (Years): Enter how many years you will take to repay the loan. Example: 5 years.
Step 2: Calculate
- Click the “Calculate” button to process your inputs and generate results.
Step 3: Review Your Results
- Monthly Payment: The fixed amount you’ll pay each month. For the example above, it’s $2,028.
- Total Interest: The total cost of borrowing, above your original loan amount. Example: $21,658.
- Total Paid: The grand total you’ll pay over the term, including principal and interest. Example: $121,658.
Charts and Visuals:
- Balance Over Time: Shows your remaining loan balance at the end of each year across the loan term.
- Principal vs. Interest by Year: Illustrates how much of your yearly payments go toward the principal versus interest.
Detailed Payment Schedule:
- Yearly Breakdown: See how much principal and interest you pay each year, and how your balance decreases.
- Monthly Payment Schedule: Review principal and interest paid each month for the first year.
Download and Share:
- Copy: Instantly copy results to your clipboard.
- Export PDF: Download a PDF of your calculations for easy record-keeping.
- Export to Excel: Export your loan schedule for further analysis.
Reset: Start over with new values at any time by clicking “Reset.”
Understanding Business Loans
A business loan is a sum of money borrowed to help a business grow, manage cash flow, or cover large expenses. These loans are paid back over time, with interest, according to a set schedule. For many businesses, understanding how much a loan will really cost, including monthly payments and total interest, can be confusing.
Business owners often face questions like:
- How much will my monthly payment be?
- What will I pay in total interest?
- How does the loan balance decrease over time?
This calculator helps answer those questions by breaking down loan payments and showing how your balance changes each year. Whether you’re launching a new venture or expanding an existing business, knowing your repayment schedule is key to making informed financial decisions.
How This Calculator Helps
This Business Loan Calculator is designed for clarity and ease of use. By entering your loan amount, annual interest rate, and term in years, you’ll instantly see:
- Your fixed monthly payment
- The total interest you’ll pay over the life of the loan
- The total amount you’ll pay, including both principal and interest
In addition, you’ll get visual breakdowns:
- The remaining balance each year
- How much principal and interest you pay annually
You can also review a detailed payment schedule for the first 12 months and download a full amortization schedule for all five years. Features like Copy, Export PDF, and Export Excel make it simple to save or share your results.