Free Tool

    Business loan calculator

    Monthly payments, total interest, and a full amortization schedule — for any business loan.

    Loan details

    Monthly payment

    $1,050.09 / mo
    Loan amount$50,000
    Total interest paid$13,006
    Total cost of loan$63,006
    Interest as % of total20.6%

    Calculated with the standard amortizing-loan formula. Fees and prepayment penalties not included.

    Amortization schedule

    Before you borrow

    A business loan can fuel growth, but interest stacks up fast. Only borrow if the expected ROI clearly beats the interest rate. A $50K loan at 9.5% over 5 years costs roughly $12K in interest — if it doesn't generate well above that in extra profit, it's a trap.

    Common loan types

    • SBA 7(a) — Up to $5M, rates 10–13%, best for established businesses.
    • Line of credit — Flexible drawdowns, pay interest only on what you use.
    • Equipment financing — Equipment is collateral, rates 8–30%.
    • Invoice financing — Advance on unpaid invoices, 80–90% of face value.
    • Microloan — Under $50K, often through nonprofits, good for new businesses.

    Track loan payments automatically

    SnapBooks categorizes every loan payment, splits principal vs. interest, and keeps your books tax-ready. $15/month.

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