Business Loan Calculator
Enter the amount, rate, term and origination fee of a business term loan to see the payment, the total cost, and the APR once the fee is counted.
Enter your figures below. Results update as you type.
Monthly payment$2,100.19
- Amount borrowed 78%
- Interest 20%
- Origination fee 2%
- Total interest
- $26,011.17
- Origination fee
- $3,000.00
- Cash you receive
- $97,000.00
- Total of payments
- $126,011.17
- APR including the fee
- 10.82%
Total cost of the loan
| Cash you receive | $97,000.00 | 77.0% |
|---|---|---|
| Origination fee | $3,000.00 | 2.4% |
| Total interest | $26,011.17 | 20.6% |
- Total of 60 payments
- $126,011.17
- Pay-off date
- Nov 2031
- Balance
- Interest paid
- Total paid
How the Business Loan calculation works
Payment = P x i / (1 - (1 + i)^-n); APR = rate that repays the cash received
A $100,000 loan at 9.5% over 5 years has a payment of $2,100.19 and costs $26,011 in interest. A 3% origination fee takes $3,000 off the money you receive, which lifts the true cost from 9.5% to an APR of 10.82%.
Frequently asked questions
How do I calculate a business loan payment?
Use the standard loan formula with the monthly rate and number of months. $100,000 at 9.5% over 60 months is $2,100.19 a month.
What is an origination fee on a business loan?
A one-time charge for setting up the loan, commonly 1% to 5% of the amount. It is usually deducted before the money reaches you, so you repay the full loan but receive less.
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