Free Business Loan Repayment Calculator

Compare repayment costs across bank loans, SBA loans, and online lenders side by side. See monthly payments, total interest, and total cost for each option so you can choose the best financing for your business.

Loan Comparison

$
Traditional bank: 5-9%
SBA 7(a) typical: 9-13%
Online/fintech: 15-40%
Monthly Payment Comparison
Lower is better — scroll down for total cost
Bank Loan
$0.00
per month
Total Interest$0
Total Cost$0
APR7.0%
SBA Loan
$0.00
per month
Total Interest$0
Total Cost$0
APR11.0%
Online Lender
$0.00
per month
Total Interest$0
Total Cost$0
APR25.0%

About the Business Loan Repayment Calculator

A business loan repayment calculator helps you compare loan offers from different sources — traditional banks, SBA loans, and online lenders. It shows a complete amortization schedule so you can see exactly how each payment is split between principal and interest.

Quick Start Guide

  1. Enter your values — Fill in the fields with numbers relevant to your business loan repayment calculation. Most fields include sensible defaults.
  2. Adjust settings — Change options like units, rates, or timeframes to match your specific scenario.
  3. Review results — The output shows a clear breakdown so you understand how the total was calculated.

How It Works

Full amortization schedule showing each payment's split between principal and interest. Supports different compounding periods and payment frequencies to match real-world loan terms.

Real-World Example

Scenario: Comparing SBA vs bank loan for $250,000

  1. Bank loan: 9% APR, 5-year term.
  2. SBA loan: 7.5% APR, 10-year term.
Result: Bank loan: $5,189/month, total interest $61,362. SBA loan: $2,968/month, total interest $106,138. Lower monthly payment but more total interest — trade-off depends on your cash flow needs.

Who Is This For?

This business loan repayment calculator is designed for Entrepreneurs, startup founders, and business owners evaluating funding options, pricing strategies, and financial projections.. It's intentionally simple — no complex signup forms, no data tracking, no distractions. Just enter your numbers and get the answer.

Pro Tip

Use these calculations as a starting point for conversations with your accountant or financial advisor — they can help you interpret the numbers in your specific business context.

Things to Know

The business loan repayment calculator provides instant, accurate results based on standard formulas and the values you enter. Whether you are planning a financial decision, tracking a health metric, or solving a practical problem, this tool gives you the numbers you need without requiring signup or account creation.

How to get the best results: Use accurate, up-to-date inputs for the most reliable calculations. When planning ahead, run multiple scenarios with different assumptions to understand the range of possible outcomes.

Note: This tool is designed for educational and planning purposes. For critical financial, medical, or legal decisions, always verify the results with a qualified professional who can evaluate your specific circumstances.

Explore More Business Finance & Investment

These related tools work well alongside the business loan repayment calculator:

Frequently Asked Questions

How accurate are the results?

Results are based on standard formulas and the values you enter. They are accurate for educational and planning purposes.

Is this tool really free?

Yes, completely free. No signup, no hidden charges, no usage limits. Use it as often as you need.

Can I share the results?

Yes. You can take a screenshot or share the page link with anyone. The tool works the same for everyone.

How to Use

This calculator compares three common business loan types side by side. Enter the loan amount, then adjust rates for bank loans, SBA loans, and online lenders. Set the loan term in months and click calculate to see your comparison.

The comparison cards show your monthly payment, total interest, total cost, and APR for each option. The highlighted card shows the balanced option (SBA), which often offers the best combination of rate and accessibility.

Amortization Formula

Monthly payments are calculated using the standard amortization formula:

M = P × [r(1+r)n] / [(1+r)n − 1]

Where: M = monthly payment, P = loan principal, r = monthly interest rate (annual rate / 12), and n = total number of monthly payments.

Frequently Asked Questions

Bank loans offer the lowest rates (typically 5-9%) but have strict qualification requirements including strong credit, collateral, and years in business. SBA loans are government-backed with competitive rates (9-13%) and more flexible terms, but require extensive paperwork. Online lenders offer fast funding and easier qualification but charge higher rates (15-40%).
Monthly payments use the standard amortization formula: M = P x [r(1+r)^n] / [(1+r)^n - 1], where P is the principal loan amount, r is the monthly interest rate, and n is the total number of monthly payments.
The best loan type depends on your credit profile and urgency. Bank loans are best for established businesses with strong credit. SBA loans are ideal for businesses that need competitive rates but may not qualify for bank loans. Online lenders are best for urgent needs despite higher costs.
Most business loans allow early repayment, but some charge prepayment penalties (typically 1-3% of the remaining balance). SBA loans generally do not have prepayment penalties after the first year.