Business loan payment, the honest math.
Enter a loan amount, an APR, and a term. See the monthly payment, the total interest, and the payoff date. This is a real loan, so it amortizes. You pay interest only on the balance you still owe, and paying ahead saves money.
Monthly payment
$0 / mo
Over 120 payments, you repay $0 in total.
Total of payments
Principal plus all interest over the term.
Total interest
The cost of the loan. It shrinks if you pay ahead.
Number of payments
One per month until the balance reaches zero.
Payoff date
If the first payment is next month.
Balance over the life of the loan
Where your payments go
Weighing this against an advance? Compare them side by side. A loan amortizes and an advance does not, so the honest comparison is the APR-equivalent.
Loan vs advance→This is an estimate based on the numbers you entered, not an offer of credit or a commitment to fund.
Estimates only. Actual terms vary by underwriting. No credit pull to start.
No pressure
Nothing to decide today. When you want a real number for your business, it is a two-minute review with no credit pull. We can show you what a term loan, an SBA 7(a), or a line of credit looks like for your numbers.
Business loans, explained
A term loan amortizes, so each payment covers the interest due on the outstanding balance plus a slice of principal. The monthly payment is the principal times the monthly rate, divided by one minus one plus the monthly rate raised to the negative number of payments. Early payments are mostly interest, later payments are mostly principal.
An SBA 7(a) loan and a line of credit are loans, so they carry an interest rate and an APR, and you only pay interest on the balance you still owe. A merchant cash advance is the purchase of future receivables, not a loan, so it is priced with a flat factor rate instead of an APR.
Usually yes, because interest accrues on the outstanding balance. Paying ahead lowers the balance, so less interest accrues and the total cost drops. This is the opposite of a cash advance, where the cost is fixed by the factor rate and paying early does not shrink it. Check your agreement for any prepayment terms.
A longer term lowers the monthly payment but raises the total interest you pay over the life of the loan. A shorter term costs less in total but takes more out of cash flow each month. Use the years and months toggle to see both, then pick the payment your business can carry comfortably.
It depends on the product. SBA 7(a) can reach up to $5 million for qualified borrowers, a business line of credit commonly runs $25k to $250k, and a revenue-based advance commonly runs $10k to $500k. The amount depends on revenue, time in business, credit, and existing debt.
No. This is an estimate based on the numbers you entered, not an offer of credit or a commitment to fund. Actual terms vary by underwriting, and there is no credit pull to start.