Feel free to use our Equipment Finance Calculator
**Note: For exceeding 120 no. of payments, a group of 12 payments will be combined into a single payment number for better chart visibility.
| Period | Payment | Interest | Balance |
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Calculator Disclaimer
The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by My Finance. It does not take into account your personal or financial circumstances.
Business Loan Calculator – Calculate Monthly Payments & Repayment Cost
Planning to fund your startup, expand your operations, or manage cash flow? A business loan can provide the financial boost you need — but knowing what it will cost you each month is essential. Our Business Loan Calculator is a free, easy-to-use tool that helps you determine your monthly EMI, total interest, and total repayment amount before applying for financing.
This calculator works for both short-term and long-term business loans, whether you’re borrowing from banks, SBA lenders, or private institutions.
🔍 What Is a Business Loan Calculator?
A Business Loan Calculator is a financial planning tool that lets you calculate:
- Your monthly loan repayment (EMI)
- Total interest you’ll pay over time
- Total cost of borrowing
- Ideal loan tenure based on affordability
Using this tool before you apply gives you better financial visibility and helps you choose the right loan product for your company’s needs.
💡 How to Use the Business Loan Calculator
It’s simple and fast:
- Enter the Loan Amount – How much you plan to borrow
- Interest Rate – Annual interest rate offered by the lender
- Loan Tenure – Duration of the loan (in months or years)
- Repayment Type – Standard EMI or balloon payment (optional)
The calculator will instantly display:
- 🎯 Monthly repayment (EMI)
- 💰 Total interest payable
- 📊 Total repayment amount
This helps you compare different financing scenarios before making a decision.
✅ Key Benefits of Using a Business Loan Calculator
- 📊 Accurate EMI Estimates – Know your monthly commitment
- 🔁 Compare Loan Terms – Understand how tenure affects payments
- 🧠 Smart Financial Planning – Choose a loan that aligns with your business cash flow
- 🏦 Lender Comparison – Use results to negotiate better rates or terms
📘 What Can a Business Loan Be Used For?
Business loans can help fund various operational and growth activities:
- Inventory or equipment purchases
- Business expansion
- Hiring and payroll support
- Marketing or technology upgrades
- Working capital management
- Emergency funding
| Lender | Loan Type | Interest Rates (APR) | Max Loan Amount |
|---|---|---|---|
| SBA 7(a) Loan | Government-backed | 6.25% – 11% | Up to $5 million |
| OnDeck | Short-Term Loan | 9% – 35% | Up to $250,000 |
| BlueVine | Line of Credit | 6.2% – 25% | Up to $250,000 |
| Fundbox | Invoice Financing | 4.66% – 24% | Up to $150,000 |
| Lendio | Aggregator Platform | Varies (Multiple) | Up to $5 million |
Visit nerdwallet’s small business loan comparison page for more external comparisons.
🧠 Business Loan EMI Formula
We use the standard EMI formula to calculate your monthly repayment:
EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]
Where:
- P = Loan amount
- R = Monthly interest rate (annual rate ÷ 12 ÷ 100)
- N = Total number of payments (loan term in months)
This ensures precise repayment planning for businesses of all sizes.
🔍 15-Month vs 36-Month Loan – What’s Better?
| Feature | 15-Month Loan | 36-Month Loan |
|---|---|---|
| Monthly EMI | Higher | Lower |
| Total Interest Paid | Lower | Higher |
| Ideal for | Fast-growing startups | Stable cash-flow businesses |
Try both options in the calculator to see what fits your budget best.
💵 Are Business Loan EMIs Tax Deductible?
Yes! In the U.S., the interest paid on business loans is generally tax-deductible as a business expense. However:
- Principal is not deductible
- You must use the loan for business purposes only
- Keep documentation for audits
Learn more at IRS Publication 535 – Business Expenses
🧩 Who Should Use the Business Loan Calculator?
- 👨💼 Small business owners
- 📈 Entrepreneurs planning expansion
- 🧾 Accountants and finance teams
- 💬 Startup founders pitching investors
- 🏭 Manufacturers or service-based businesses managing cash flow
🔗 Related Tools & Internal Resources
❓ FAQs: Business Loan Calculator
Q1: Is this calculator suitable for SBA loans?
Yes. Just input your loan amount, SBA interest rate, and term to estimate repayments.
Q2: Can I add balloon payments or prepayment?
Basic EMI is calculated here. For balloon or advanced options, use our Advanced Loan Calculator.
Q3: What interest rates should I use for small business loans?
Federal SBA rates are generally between 6%–11%. Private lenders vary from 8%–30%+ depending on creditworthiness.
Q4: Does it include origination fees or closing costs?
No, but you can add them to your loan amount manually to get an accurate monthly figure.
✅ Final Words: Plan Smartly With the Business Loan Calculator
Every business decision starts with financial clarity. Our Business Loan Calculator helps you plan your repayments, estimate monthly cash outflows, and choose a loan that supports — not strains — your operations. Whether you’re a solo entrepreneur or a mid-sized business, this tool ensures you’re borrowing responsibly.
🎯 Try the Business Loan Calculator now and grow your business with confidence.