Estimate monthly payments and total interest on a business loan.
Equal monthly payments amortize the loan so interest is paid on the declining balance, which is why early payments are mostly interest. The quoted rate hides how much financing really costs, so checking the total interest over the term clarifies what a loan is worth.
Small Business Loan Payment
Payment = P x r x (1+r)^n / ((1+r)^n - 1)
Payment = P x r x (1+r)^n / ((1+r)^n - 1) Equal monthly payments amortize the loan so interest is paid on the declining balance, which is why early payments are mostly interest.
The quoted rate hides how much financing really costs, so checking the total interest over the term clarifies what a loan is worth.
This calculator takes 3 inputs: Loan amount, Annual interest rate, Term in years. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.