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Business Loan Calculators

Table of Contents

  • Short Term Loan Calculator
  • Business Term Loan Calculator
  • Invoice Financing Calculator
  • Equipment Financing Calculator
  • SBA Loan Calculator
  • Merchant Cash Advance (MCA) Calculator
  • Commercial Loan Calculator
  • Business Line of Credit Calculator
  • Choosing the Right Calculator

Short Term Loan Calculator

How much will your short-term loan payments be? And what is the estimated total borrowing cost? Find out using our small business loan calculator.
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Business Term Loan Calculator

Are you looking to secure a term loan for your small business? Start your search with our business term calculator. This way, you know exactly how much you can afford.
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Invoice Financing Calculator

Experiencing a dip in cash flow? Invoice Financing may be the solution you need. Use our Invoice Financing calculator to estimate how much it will cost your small business.
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Equipment Financing Calculator

Are you getting the best rates available to you on your equipment loan? By using our equipment loan calculator, you can discover just how much you could pay.
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SBA Loan Calculator

Interested in obtaining an SBA loan for your small business? Estimate what your monthly payments will be with the Fast Capital 360 SBA loan calculator.
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Merchant Cash Advance (MCA) Calculator

Use our merchant cash advance calculator to discover just how much your weekly or daily payments will be and what you’ll pay in the long run.
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Commercial Loan Calculator

Determine monthly payments and the total cost of a business loan. Use our commercial loan calculator so you can plan ahead and apply for affordable rates.
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Business Line of Credit Calculator

We built the best line of credit calculator on the market to help you calculate and understand all of the charges that come with a business line of credit.
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Business Calculators for Every Available Business Loan

Before you come to terms on a business loan, you, like any business owner, want to know one thing: is this the best loan for me?

When you’re looking to secure a business loan, interest rates are just one piece of the larger puzzle. You also need to consider how much you intend to borrow, how long you’ll need to pay it back and most importantly, what level of return on investment you expect to earn with this loan.

The goal of Fast Capital 360’s business loan calculator is to help you understand what your business can afford in the clearest terms possible. We’ll also break down some of the more involve components of a business loan. For example, we’ll simplify interest rates, APR, the different fees you might encounter, and how you can reduce the overall cost of your loan.

The business loan calculator is a great tool to start mapping out your business investment strategy. By inputting the ideal elements of your commercial or small business loan, the calculator can help you to identify the best loan options for your business based on your needs and qualifications.

Here’s what you’ll need to enter:

  • Loan amount
  • Loan term in years or months
  • Yearly interest rate

If you can’t find what you’re looking for using the business loan calculator, we’ve got you covered. We have loan payment calculators for each of the 7 most common business loans to help you easily compare loan types and learn what you can afford.

  • SBA Loan
  • Short-Term Loan
  • Business Term Loan
  • Equipment Loan
  • Accounts Receivable Financing
  • Merchant Cash Advance
  • Business Line of Credit

How Business Loan Calculators Work

Trying to calculate APR or loan payments without using a small business loan calculator can be an adventure. While it’s certainly possible to figure out on your own, using a loan payment calculator for business loans to determine repayment terms is more convenient and accurate.

To understand a bit more about the elements the business loan calculator uses to generate your calculation, let’s review the factors it uses:

  • The Principal Loan Amount
  • The Interest or Factor Rate
  • The Loan Term (Estimated Number of Payments)
  • Associated Fees (origination fees, closing costs, etc.)

Each loan will carry its own terms, amounts and requirements. To get a better sense of a particular loan type, click the calculator types (above/below/to the left/to the right) to review your options.

How to Use Our Loan Payment Calculators

Comparing your business loan options, interest rates and APRs are just one part of the overall loan agreement. You also need to take into consideration the amount of time you have to payoff the loan as well as any fees that could be assessed to understand the true cost of borrowing.

To calculate your monthly or weekly payments and the total cost over the life of your loan, enter:

  • The loan amount found in your loan offer. Depending on the loan type you’re interested in, you can finance as little as $1,000 with Accounts Receivable Financing or as much as $2,000,000 through an SBA Loan.
  • The Estimated Interest Rate you were quoted. Depending on your creditworthiness, interest rates for a business term loan, for example, can be as low as 7% and can go as high as 24%.
  • The Loan Term and Payment Frequency. How each loan type will ask borrowers to repay their debt will hinge on how much risk the lender is assuming. With an SBA Loan, the lender provides longer payment terms with the possibility of monthly payments since they are guaranteed payment from the government if the borrower defaults on the loan. Short-term loans, on the other hand, will have to be repaid in a short amount of time (an 18 month maximum). Since short-term loans have more abbreviated terms, your lender may require more frequent payments on a weekly, rather than a monthly, basis.  
  • Any fees quoted with your loan.    

To see how much of an impact these factors have on repayment, adjust the loan amount, term and frequency.

Understanding Your Results

Using Fast Capital 360’s business loan payment calculators, you’ll have much clearer sense of the true cost of financing. Whichever business loan repayment calculator you use, the outputs will be the same; the weekly or monthly Payment, the Total Repayment Amount and the Cost of the Loan.

To get a better idea of what these numbers tell you, here’s what they mean:

  • Payment: This is the fixed amount you’ll repay each week (or month) in principal, interest and fees.  
  • Total Repayment Amount: Your Total Repayment Amount estimates the amount you’ll pay over the life of the loan, including all principal, interest and fees.
  • Cost of the Loan: This sum represents what the lender is charging you to finance the loan in interest and fees. If you payoff the loan early, you may be able to reduce this number, but be cognizant of prepayment penalties.
  • Amortization Table: An amortization table details the loan balance, interest charges and the amount of principal you pay off with each payment. If you’re looking for a more detailed breakout of your calculations, select the Amortization Table. There, you will see a detailed, payment-by-payment schedule leading up to your final payoff date.

With this information, it’s easy to evaluate different loan options, whether you’re comparing lenders or choosing between a short-term loan or a merchant cash advance.

Oftentimes, borrowers are concerned with the weekly or monthly payment and whether or not they have enough cash on hand to cover the expense. While this is no doubt important, it’s only one piece of a larger puzzle. With Fast Capital 360’s interest rate calculators, you can identify the loan option that’s best equipped to address your individual needs.

How to Understand the Small Business Lender Costs

Gaining a better understanding of how your business’s bottom line could be impacted by a small business loan is crucial. With the help of the business loan calculator, you will be able to plan effectively for how (and when) your business can best use a business loan.

In presenting the estimated costs of a business loan, while there is no legally mandated structure, there are common terms and phrases used by financing companies that you were introduced to in the previous section. To get more familiar with these terms, let’s further define them below:

Interest Rates

An interest rate is arguably the most commonly used term to define the cost of borrowing money. Interest rates are expressed as a percentage of the amount a lender charges against the principal loan amount. Another way to look at it is that the interest rate is the cost of access to the funds you need.

If you already have debt via a credit card, home mortgage, car payment or student loans, you are likely familiar with interest rates. Interest rates are often used by traditional banks and business lenders as an expression of their costs charged to the borrower. To further explain, let’s use an example.

In this scenario, Jennie’s Jellies secures a $50,000 business loan with 5-year terms and an interest rate of 9%. Since interest rates are usually computed on a yearly basis, the interest rate is reflected as 9% over the course of one 12-month period, equaling a consistent $1,038.00 monthly payment.

While Jennie’s Jellies monthly payment remains the same throughout the term, the repayment structure for an interest rate is broken into three main sections: interest, principal and balance. This process is known as amortization.

During the initial months, Jennie’s Jellies payments will be applied mostly against the loan’s interest. As the loan is paid down, the balance is reduced, therefore reducing the amount the 9% interest rate can be applied to and ultimately equaling a smaller interest payment. When all is said and done, Jennie’s Jellies will make 60 payments of $1,038.00, totaling $62,275.00 with $12,275.00 of interest paid.

Even with the Jennie’s Jellies scenario above, what interest rates do not tell you are whether any fees will be assessed to your loan. We’ll dive into the types of fees that could be added to your loan later, but this is where an interest rate calculator is so valuable.

Factor Rates

Another way to describe the cost of a loan is through a factor rate. While interest rates are expressed as a percentage, factor rates are presented as a decimal, usually ranging between 1.1 to 1.5. This cost presentation is most often used by alternative and short-term lenders as well as merchant cash advance providers.

When using a factor rate, lenders multiply the principal loan by the decimal form to determine the total amount that will be repaid. To see how a factor rate would be expressed, let’s take a look at this simple example:

If Jennie’s Jellies secures a $50,000 merchant cash advance with a factor rate of 1.18, the total amount the company would repay would be $59,000 with $9,000 being charged via the factor rate. Let’s break this down even further.

Because Jennie’s Jellies is repaying $9,000 for the immediate access to $50,000, you may assume the interest rate is 36%. If the financing were amortized, the interest rate would indeed be 36% based on the figures in this example.

Since interest rates and factor rates are not interchangeable, this is not the right way to think about factor rates, as these financing products usually are not amortized. In short, this means all of the interest is charged to the principal when the loan or advance is created. Another unique feature of factor rates is that unlike a regular interest rate, the total cost of the advance will not increase or decrease regardless of whether you took 6, 12, or 18 months to pay back the loan.

One similarity factor rates do have with interest rates is that they may not account for other fees that the lender may charge.

Discount Rates

The third and final way lending companies are able to describe the costs of a business loan is through a discount rate or fee. When compared to the two cost structures we’ve already discussed above, discount rates are more closely related to interest rates since it’s a percentage of either the total invoice amount or the advance amount. Most commonly seen in invoice financing, lenders typically provide estimates as either weekly or monthly discount rates.

To give an example, let’s revisit our friends at Jennie’s Jellies.

In this scenario, let’s assume that Jennie’s Jellies has been factored against a $15,000 outstanding invoice that is due in 4 weeks. The company providing the invoice financing to Jennie’s Jellies charges a discount fee of 1% per week, meaning they will have to pay $150 each week until their customer pays off the outstanding invoice. If Jennie’s Jellies customer does pay at the end of week 4, the company will have paid $600 as the cost for factoring the invoice.

Just as we saw with factor rates and interest rates, discount rates will most likely not account for other fees that the lender may charge.

The Role of APR in Business Loan Calculators

As we learned, there are many ways to define and present the cost of borrowing working capital. While interest rates are one of the common loan terms small business owners are familiar with annual percentage rates (better known as APR).

APR represents the interest rate plus any fees that are either associated or attached to the loan. Evaluating any loan or financing product with an APR gives you a much more complete version of the overall cost to your business, making it much easier to compare and contrast all of your options.

Although both are expressed as a percentage, be careful not think of APR and interest rates as if they are interchangeable. Any loan that is provided by a lending company will typically express their charges as an interest rate along with any additional fees, like the origination fee, for example. Since the APR is the sum of all of these costs, let’s break out what you need to know to fully understand APR.

In this scenario, Jennie’s Jellies has been quoted with an interest rate of 11% from two competing lenders. Lender A includes fees of 2.5% while Lender B has an additional 4% in fees. While the interest rates are the same, the APR would be greater with Lender B. Fortunately, calculating APR is simple arithmetic (interest rate + fees). While the fees can be a bit more challenging to calculate, the APR is simple to determine.

The Restrictions of APR

As with any cost expression, the practicality of APR only goes so far. Because of the way time impacts APR, it’s not always the most precise method of the total cost.

For example, the APR for a short-term loan will naturally be higher than a long-term loan. This happens because a long-term loan spreads out the interest and fees over a period of years while a short-term loan is more condensed. Still, this fact does not make a short-term loan more expensive than a long-term loan. Given that a borrower has more time to repay the principal of the loan, there is also more time for the lender to generate more in interest charges.

For a short-term loan specifically, the best approach to consider how these funds will affect your bottom line. Will you be able to use these funds immediately? What is the opportunity cost of not securing this loan? What is your estimated return on investment? Ultimately, pursuing a loan should help your business drive growth.

As with any loan type, regardless of the final APR, you need to weigh whether or not your business can take on the payment. The last thing you want to have happen is for the loan to become too much for the business. If you are able to determine that these funds will help you achieve your goals, the higher, short-term APR could be worth the greater upfront costs.

How is Your Interest Rate & APR Determined?

Beyond the rates and fees (which we’ll get into in the next section) that determine your total APR, there are a variety of other elements that determine your final APR, interest rate, factor rate or discount rate.

Let’s get more familiar with these factors:

The Type of Loan

Depending on the type of loan you pursue or qualify for, the APR may naturally be higher or lower. For example, while SBA loans are one of the most affordable loan options with a low APR thanks to its government guarantee.

Your Credit Score

For many lenders, a personal credit score of 650+ is indicative of someone who understands how to use their credit responsibly, meaning they will want to work you. Simply put, the higher your credit score, the lower your rates and fees will be.

The Health of the Business

Much like your credit score, the longer you have been in business, the greater the likelihood that lenders will want to work with you. Typically, lenders want to see that applicants have at least 6 months in business, though companies with longer histories will receive more affordable offers.


While not all loans require collateral, you will likely find that the more collateral you post, the less expensive the loan will be. Since collateral offers security to the lender in the event you’re unable to fulfill the terms of the loan, the lender feels more comfortable with more borrower-friendly terms.

How Quickly You Need Funding

Depending on how quickly you do need the funds, you may need to work with a company who specializes in helping small businesses secure the financing they need within days. In these scenarios, the borrower may pay additional costs for the convenience of receiving the loan as soon as possible.

The Loan Terms

Long-term loans provide access to immediate funding without the requirement of payment within 18 months. While short-term loans do offer a smaller window for repayment, they are not as costly as a long-term loan, as long-term loans have more time to collect fees and interest from the borrower.

The Business Loan Fees You Need to Be Aware Of

As we described for each rate expression, only APR includes the cost of fees in their total estimation. It’s important to remember this when consulting with lenders to determine which loan type and company is right for you.

In this section, we’ll review 8 of the most common business loan fees and what it means for your loan.

Application Fee

When a potential borrower completes an application, the lending company performs both a credit and background check. Occasionally, lenders pass on the cost of these verifications once they’ve come to terms with the applicant.

Origination Fee

Origination fees serve as a way for lenders to recoup their administrative costs for servicing a loan. Typically, an origination fee is expressed as a percentage of the principal of the loan. For example, if you have come to terms on a loan for $50,000 with a 1% origination fee, you will be required to pay an upfront fee of $500.

Late Payment Fee

If for whatever reason you are late in paying your regularly scheduled loan payment, lenders may charge an additional late payment fee. This fee can also come into play even if your lender uses automatic payments from your bank accounts. A late charge can be assessed if your account was found to have insufficient funds.

Check Processing Fee

In today’s electronic-everything world, it’s quite common for lenders to accept payment through ACH. The majority of borrowers also prefer to pay through ACH payments although some still feel more comfortable with a physical check. Some lenders do charge a fee to process these paper checks, however, so be sure to verify with any lender you speak to how they accept payment.

Prepayment Fee/Penalty

While this is not a common practice with all lenders, certain companies will charge an additional fee if you pay off the outstanding balance of your loan before it’s final payment date. Essentially, this is to make sure that the lender is recouping all of their costs of preparing and providing the loan. The fee is typically determined as a percentage of the outstanding balance when paying off the remainder of the loan.

Guarantee Fee

There is a chance you will need to pay a fee when applying for an SBA loan. Since the government guarantees part of every SBA loan, lender partners who actually issue the loans are required to pay a portion of the guarantee the Small Business Administration. It’s not uncommon for the lender to pass this cost onto the borrower.

Draw Fee

A draw fee applies exclusively to business lines of credit. Essentially, lenders are able to charge a fee ranging between 1% and 3% based on the amount you’ve drawn. Some lenders require borrowers to withdraw a certain amount of money at specific times, meaning that you cannot leave your account idle. While it’s a lesser-known fee, the total charges can add up.

Closing Costs

Compared to the other charges we’ve described above, closing costs are not a fee necessarily. Closing costs are an aggregation of every possible cost and fee your loan subject to. Just as we’ve described with every fee above, it’s imperative to keep your eyes open for every cost beyond your interest or factor rate. While the APR will be your final cost, understanding what lies beneath these calculations could save you hundreds, if not thousands, of dollars.

How You Can Reduce Your Loan Costs

One of the greatest advantages of using a loan payment calculator is that you can estimate how much one type of loan could cost you. While having this upfront appraisal is remarkably useful, there are still ways for you to reduce your costs before or after you come to terms.

Let’s take a look at the three most common ways for reducing your costs:

Make your minimum payments on time

Just as it would be with any other bill, it’s important to continually make your minimum payments on schedule. Paying on time not only makes your life easier, but you also stand to benefit your credit score. One of the easiest ways to stick to a schedule is to set calendar reminders in your smartphone’s calendar or, better yet, set up your account for automatic payments.

Ask your lender about discounts and prepayments

As we’ve learned, there are some lenders and financing companies who will charge a fee for any early prepayments. But not all lenders operate like this. The best way to determine how your lender works is to simply ask them about whether they offer (or are willing to offer) any prepayment options or discounts to reduce your total payback.

Use more valuable collateral

Posting additional or more prized collateral can help to decrease the interest rate, and therefore the overall cost, of your loan. Cars, business equipment, homes, and other real estate are commonly used collateral.

What Are the Most Cost Effective Business Loans?

Each loan type carries its own unique rates and APR; some are higher than others while some feature shorter payment terms. For this section, we wanted to build upon everything that we’ve shared in the previous sections and define which business loan types are the most cost-effective.

Qualifying for these business loans is another subject that we won’t get into here, but for argument’s sake, these 3 loan types are the most cost-effective.

Traditional Term Loans

Similar to what you would find with a traditional bank, a business term loan provides flexibility and stability for any business when they’re in need of working capital. With a traditional term loan, businesses are able to secure between $10,000 – $2,000,000 with terms up to 5 years on a set repayment schedule.

Interest rates typically start at 7% with APRs around 10% for the most qualified applicants. Depending on the type of lender you work with, it’s possible you could secure funding within 1 day of being approved.

SBA Loans

Government-guaranteed long-term loans from the Small Business Administration. The most popular SBA program is known as the SBA 7(a). Thanks to its connection to the government, SBA loans are not as risky to the lender who is actually providing the funds.

Terms can range between 5 and 25 years with loan amounts between $5,000 and $5,000,000. SBA loans feature very attractive interest rates starting at 6% and are capped around 9%.

To calculate what an SBA loan might cost your business, click here.

Business Lines of Credit

Much like a term loan, business lines of credit are similar to the lines of credit that you would find through a traditional bank. You are able to borrow up to a maximum credit limit and only pay interest on the capital you borrowed.

Repayment terms range up to 3 years with loan amounts settling between $5,000 and $500,000. While interest rates for business lines of credit start at 8%, they can be a bit more expensive than what you’d find through a traditional bank. The advantage of working with a lender or a bank, however, is that the speed of funding can be as fast as 1 business day.

To calculate what an SBA loan might cost your business, click here.

How to Evaluate the Top Financing Options for You

Hopefully the 3 loan options we discussed in the previous section help you determine which type of loan will work best for your business. While cost is obviously an important element to consider, it is not the only factor you need to consider.

Using a business loan calculator will help you finalize any initial cost estimates, but there are still a few more intangibles that should be recognized.

Reputation and customer service

Ideally, you should be reviewing two or more lenders before coming to terms with anyone. Even if their products, offers and costs are similar, reading their reviews will give you a much clearer idea of who they are as a company.

Collateral requirement

While posting collateral is a simple way to lower your total payback costs, you risk losing your assets in the event of default. As you evaluate lenders, take note of who asks for collateral and who trusts you enough not to require that you post any.

Prepayment penalties

Much like the collateral requirement, it’s much easier to work with a lender who does not charge their clients for wanting to pay off their loans earlier than scheduled. If having the option to pay off your loan early is important to you, this is definitely something to both ask lenders about as well as seek reviews about this specific subject.

The Final Tally on Business Loan Calculators

As you begin to compare loans, you should begin to notice how straightforward they actually are. While the fees can be tricky to lock down depending on the lender you work with, it’s much easier to determine your overall costs by using a business loan payment calculator.

Even though they do not assign a final estimation, loan repayment calculators are excellent tools to assess your potential costs. You will have a much better idea of how just how much your business can both secure and pay off based on the calculations these tools present.

Whether you are looking for a small loan in the form of an equipment financing loan or a long-term loan, Fast Capital 360 has the information and detail you’ve been looking for. If you still have questions about what your loan calculator results, our team of expert Business Advisors will be happy to guide you find the answers you’re seeking. Call us at (800) 735-6107 or click here to speak directly with one of our dedicated advisors.