Model different loan amounts, rates, and terms before you apply. See your estimated monthly payment, total cost, and full amortization schedule instantly. Middletown, NJ 07748.
*Estimate only. Actual rate depends on business financials. Checking rate has no credit impact.
Displaying the first 12 months and concluding payment
| Month | Payment Amount | Principal Repayment | Interest Charges | Remaining Balance |
|---|
The fixed amount your business pays each month. Compare this against your monthly cash flow - most lenders look for a debt service coverage ratio (DSCR) of 1.25x or higher.
This reflects the total borrowing expense. Opting for shorter terms with lower amounts can help reduce overall interest. Adjust the sliders to identify the balance between manageable payments and minimal costs.
Observe how each installment divides between paying off principal and interest. Initial payments typically cover more interest, while later payments focus on principal reduction.
Estimates of monthly payments based on typical loan sizes and various rate scenarios (60-month term)
| Amount of Loan | Interest Rate A | Interest Rate B | Interest Rate C | Interest Rate D | Interest Rate E |
|---|---|---|---|---|---|
| $25,000 | $495 | $531 | $595 | $662 | $733 |
| $50,000 | $990 | $1,062 | $1,190 | $1,324 | $1,465 |
| $100,000 | $1,980 | $2,125 | $2,379 | $2,649 | $2,930 |
| $250,000 | $4,950 | $5,312 | $5,948 | $6,622 | $7,326 |
| $500,000 | $9,901 | $10,624 | $11,895 | $13,244 | $14,651 |
Use the calculator as your benchmark, then pre-qualify to compare real offers from 75+ business lenders with a single soft pull.
Identify a monthly payment that fits your business budget and backtrack to find the possible loan amount. Keep in mind that lenders often expect a debt service coverage ratio (DSCR) of at least 1.25, meaning your net operating income should exceed your total debt payments by 25%.
A shorter loan term, like 36 months, results in lower overall interest payments than a longer-term loan of 120 months. While extended terms lower monthly repayments, they raise the total cost of borrowing. An amortization schedule can clarify this balance for you.
While lenders generally disclose fees in accordance with the Truth in Lending Act (TILA), certain business loans may still come with additional costs such as origination fees, SBA guarantee fees, or prepayment penalties that this calculator doesn't account for. It's important to assess the total cost of borrowing when analyzing different offers.
This calculator gives you a rough estimate. Once you've identified a suitable payment range for your business needs, consider pre-qualifying through our platform to compare actual offers from registered lenders. A soft credit inquiry will not impact your score.