Business Loan Amortization Calculator

How this tool works

Enter the loan amount, APR, term in months, and any closing or origination fee. The calculator estimates your monthly payment, total interest and fees, and shows a month-by-month preview of how principal and interest break down early in the loan.

Why it matters for your credit

Small-business financing is quoted in many ways — APR, factor rates, fees — and the headline payment rarely tells the whole story. Seeing the full amortization and total cost helps you compare offers on equal footing before you sign a personal guarantee.

Frequently asked questions

How is a business loan payment calculated?

A standard term loan uses amortization: each fixed payment covers that month’s interest plus some principal, with the interest share shrinking over time. The calculator applies the standard amortization formula to your inputs.

What is the difference between APR and a factor rate?

APR expresses cost as a yearly percentage that includes interest and many fees. A factor rate (common with merchant cash advances) is a flat multiplier on the amount borrowed and often converts to a much higher effective APR.

What should I compare between business loan offers?

Look beyond the monthly payment: APR, total cost, fees, term, collateral, prepayment penalties, and whether a personal guarantee is required.