Business Loan Calculator
Find a business loan's payment and its real APR once origination and other fees are counted.
Change the values and press Calculate to work out your own figures.
Enter the amount, rate and term.
| Year | Interest | Principal | Balance |
|---|---|---|---|
| 1 | $926.96 | $1,622.68 | $8,377.32 |
| 2 | $757.06 | $1,792.58 | $6,584.74 |
| 3 | $569.35 | $1,980.29 | $4,604.45 |
| 4 | $361.98 | $2,187.66 | $2,416.79 |
| 5 | $132.91 | $2,416.79 | $0.00 |
Show the working
- payment = P × i ÷ (1 − (1 + i)^−n)
- each payment: interest = balance × i (to the cent), the rest repays principal
How to use it
Enter the amount, rate and term.
Enter amounts without commas or with them; rates are percentages (5 for 5%). Negative amounts are allowed where a sign means money paid out.
Key facts
APR = the rate at which the payments repay the amount less the fees
Fees
Origination fees of 1–6% are common; a loan with a lower rate but higher fees can cost more.
Questions
What is the APR of $10,000 at 10% with $1,250 in fees over 5 years?
About 15.93%.
Formulas
APR = the rate at which the payments repay the amount less the fees
Sources
Limitations
- Results are estimates for planning, not offers or financial advice; lenders and banks may round, count days or time payments differently.
- Rates are nominal annual rates compounded as you choose; payments at a different frequency use the equivalent periodic rate.