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Business Loan Payment Calculator

Estimate a monthly payment in seconds, then apply if it fits your business.

Illustrative Estimate
No Impact to Credit
Matched to Real Programs
Apply When Ready

What is a Loan Payment calculator?

A business loan payment calculator estimates the fixed monthly payment on a term loan based on three inputs: the amount you borrow, the length of the loan, and the interest rate. It’s a planning tool – enter different combinations of amount, term, and rate to see how each one changes your estimated monthly obligation before you apply.

Because a business term loan uses a fixed repayment schedule, this calculator is one of the more precise estimates in this section – the actual math a lender uses to structure a term loan is the same amortizing formula shown below.

Estimated monthly payment

Illustrative estimate only. Actual rates, terms, and monthly payment amounts for a term loan depend on your business profile and the specific program you're matched to. Not a commitment to lend.

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Amortization Schedule

How each payment splits between principal and interest over time.

Month Payment Principal Interest Balance

What is the Loan Payment formula?

Business loan payments are calculated using the standard loan amortization formula, the same math used for mortgages and auto loans. Each monthly payment is a fixed amount, but the mix between principal and interest shifts over the life of the loan – early payments are interest-heavy, later payments pay down more principal.

The formula needs three numbers: the loan amount (principal), the monthly interest rate (your annual rate divided by 12), and the number of monthly payments (your term in months). Plug those into the formula below and you get a fixed payment that fully pays off the loan by the end of the term.

Standard amortizing payment formula:

Payment = P × (r × (1 + r)n) / ((1 + r)n − 1)

Where P is the funding amount, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly payments (term).

Frequently asked questions

Loan amounts vary by lending partner and depend on your business profile. Your funding specialist will confirm the amounts available to you once matched to a program.
Amortizing loans keep the total payment fixed, but as your balance goes down, less of each payment goes to interest and more goes to paying down principal - that's what the amortization schedule above shows month by month.
APR (Annual Percentage Rate) reflects the yearly cost of funding including certain fees, while the interest rate alone reflects only the cost of borrowing the principal. This calculator treats the entered rate as an estimated APR.
No — this shows an amortized estimate based on the amount, term, and rate you enter. A real term loan offer depends on your business profile and the lender program you're matched to, and the final rate and term may differ from what you test here.
A longer term spreads the same loan amount over more payments, so your estimated monthly payment drops — but you pay more total interest because the balance sits outstanding longer. A shorter term raises the monthly payment and cuts total interest.
Because a term loan amortizes on a fixed rate, raising the rate increases both the interest portion of every payment and the total cost of the loan. Try the calculator at a few rate points to see how sensitive your specific loan amount is.
Yes. This tool runs entirely in your browser — testing amounts, terms, and rates doesn't submit anything or affect your credit.
If the numbers work for your business, you can start an application. A funding specialist reviews your profile against term loan programs in our lending network and confirms the real rate, term, and payment you'd actually qualify for.

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