Enter the loan details
Add the amount you plan to borrow, the annual interest rate, and the repayment term.
Free planning tool for business owners
Business Loan Calculator
Estimate your monthly payment and total interest on any business loan, instant, free, and no signup required.
Live payment estimatesLender neutralNo email required
YOUR LOAN
Start with the offer you are considering.
Results update as you type. Use the exact rate and payment timing shown in the loan terms when possible.Loan planning assistant
Ask about repayment terms, interest, payment frequency, or your estimate.
I only know the factor rate
Estimate an annualized rate from a fixed factor rate and repayment schedule. This is not a lender quoted APR.
Optional revenue comparison
Compare the payment with gross revenue. This is not an affordability test.
Planning estimate only. Actual payments and APR can differ due to fees, compounding, payment timing, and lender terms.
YOUR ESTIMATE
Enter a loan amount to see the full cost.
Monthly payment, total interest, total repayment, and an amortization view will appear here instantly.
With a Novo account
Get ready for fast funding
Novo customers become eligible for fast, no hidden fee funding after 6 months active. Open your account today to start the clock.
- No hidden fees, no monthly fees, no minimums
- Eligible for funding after 6 months active
- Simple terms with no fine print
Three inputs, a clearer decision
How to use the business loan calculator
Choose payment timing
Select monthly, every two weeks, or weekly payments to match the proposed loan terms.
Stress test the payment
Compare the monthly payment with gross revenue, cash flow available for debt service, and existing debt before you borrow.
Know what drives the number
What determines your business loan payment?
The payment alone does not tell the whole story. Compare the total repayment, fee disclosures, and cash flow impact before accepting financing.
Loan amount
The principal is the amount borrowed before interest. A larger principal generally means a larger payment and more interest.
Interest rate
The annual interest rate affects how much of each payment goes toward borrowing cost instead of principal.
Repayment term
A longer term can lower each payment but usually increases total interest paid over the life of the loan.
Fees and timing
Origination fees, closing costs, and payment frequency can change the true cost even when the stated rate looks competitive.
Common financing structures
Four business loan types to know
Term loan
A lump sum repaid on a fixed schedule with interest.
Business line of credit
Reusable access to funds, with interest generally charged on the amount drawn.
SBA loan
A lender issued loan supported by a federal guarantee and program requirements.
Equipment financing
Funding tied to the purchase of equipment that may also secure the loan.
Before you borrow
Make room for the payment before it arrives.
A loan can support growth, but the repayment becomes a fixed claim on future cash flow. Test the obligation against real operating conditions.
- Model the payment against a slower revenue month, not only your best month.
- Confirm whether the quoted cost is an interest rate, APR, or factor rate.
- Review fees, prepayment terms, collateral, and personal guarantee requirements.
- Plan where the funds will land and how every repayment will be tracked.
Novo funding works differently
Start the account relationship before you need funding.
The calculator above models a traditional amortizing loan. Eligible Novo customers may access fast funding with separate terms after at least six months of active account history.
Important distinction
Novo does not originate business loans. Funding availability, eligibility, repayment structure, and terms are separate from this calculator and may be provided through third party partners.
Business loan questions
The interest rate is the cost charged on the loan balance. APR is a broader annualized measure that may include certain fees and can make loan offers easier to compare. Ask the lender exactly which figure is being quoted.
A factor rate is a multiplier commonly used for short term business financing. Multiply the advance amount by the factor rate to estimate total payback. A factor rate is not an APR and can represent a high annualized borrowing cost.
Usually. Spreading repayment across more periods often lowers each payment, but it can also increase total interest. Compare both the payment and total repayment before choosing a term.
Affordability depends on cash flow available for debt service, existing debt, margins, taxes, and operating needs. A payment divided by gross revenue is only a neutral comparison and does not establish affordability. Test the payment against slower months and review the full obligation with a qualified financial professional.
No. This calculator models a traditional amortizing business loan and is not a loan offer. Novo funding works differently, has separate terms, and is available only to eligible Novo customers after at least six months of account activity.
A home for business cash flow
Keep loan funds and repayments organized.
Open Novo to separate business money, track incoming funds, and manage recurring payments without monthly account fees.
Open accountNovo is a fintech, not a bank. Banking services are provided by Middlesex Federal Savings, F.A., Member FDIC.