Small Business Loan Calculator
Free small business loan calculator. Estimate monthly payments, total cost, and compare loan options. Works for any loan type — term loans, lines of credit, SBA loans.
Loan Parameters
* This calculator provides estimates only. Actual loan terms, rates, and payments depend on lender approval and your specific qualifications. Contact an Approvd advisor for personalized rates.
Estimated Monthly Payment
per month for 18 months
Loan Amount
$75,000
Total Interest
$9,219
Total Repayment
$84,219
Payment Breakdown
First 6 Monthly Payments
| Mo. | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $4,678.86 | $3,741.36 | $937.50 | $71,259 |
| 2 | $4,678.86 | $3,788.13 | $890.73 | $67,471 |
| 3 | $4,678.86 | $3,835.48 | $843.38 | $63,635 |
| 4 | $4,678.86 | $3,883.42 | $795.44 | $59,752 |
| 5 | $4,678.86 | $3,931.96 | $746.90 | $55,820 |
| 6 | $4,678.86 | $3,981.11 | $697.75 | $51,839 |
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About This Calculator
This small business loan calculator helps you estimate monthly payments, total interest, and full repayment cost for term loans, lines of credit, and SBA loans. Use it to compare different loan scenarios before you apply — or to verify that a loan offer fits your business budget.
Related Loan Products
Calculator FAQs
What is the average interest rate for a small business loan?
Small business loan rates vary widely: alternative online lenders: 10–40% APR; traditional banks: 6–15% APR; SBA loans: 10–13% APR; business lines of credit: 8–25% APR; revenue-based financing: equivalent to 25–60% APR. Your rate depends on credit score, time in business, revenue, and loan type.
How much can a small business borrow?
Small businesses can typically borrow 10–20% of annual revenue from alternative lenders. SBA 7(a) loans go up to $5 million. Through Approvd's network, businesses can access $10,000–$5,000,000 depending on qualifications.
What is a good monthly payment for a small business loan?
A common guideline is that total debt service (all loan payments) should not exceed 35% of monthly gross revenue. For a business with $30K/month in revenue, keeping total loan payments under $10,500/month is a reasonable target.
How do I compare small business loan offers?
Always compare offers using APR (Annual Percentage Rate), which includes interest and fees. For short-term loans, also look at total repayment amount. Factor in prepayment penalties, since some short-term loans penalize early payoff. Our advisors can help you compare offers from multiple lenders at once.
Rate Disclosure: APR and total cost of capital vary by lender, loan type, credit profile, and other factors. Rates shown are representative examples only and do not constitute an offer. Actual rates are determined by lenders at the time of application. Applying does not guarantee approval or any specific rate or term.
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