Model different loan amounts, rates, and terms before you apply. See your estimated monthly payment, total cost, and full amortization schedule instantly. Woodbridge, NJ 07095.
*Estimate only. Actual rate depends on business financials. Checking rate has no credit impact.
Displaying first year plus final payment
| Months | Payment Due | Principal Balance | Interest Accrued | Outstanding Balance |
|---|
The fixed amount your business pays each month. Compare this against your monthly cash flow - most lenders look for a debt service coverage ratio (DSCR) of 1.25x or higher.
This reflects the total cost of your loan. Opting for shorter terms with lower amounts might help decrease overall interest. Adjust the controls to strike the balance between manageable payments and minimized costs.
Gain insight into how each payment is divided between principal and interest. Initial payments are predominantly directed toward interest, while later payments accelerate principal reduction.
Estimates for monthly repayments across typical loan amounts and interest rate scenarios (60-month term)
| Requested Loan Amount | Interest Rate A | Interest Rate B | Interest Rate C | Interest Rate D | Interest Rate E |
|---|---|---|---|---|---|
| $25,000 | $495 | $531 | $595 | $662 | $733 |
| $50,000 | $990 | $1,062 | $1,190 | $1,324 | $1,465 |
| $100,000 | $1,980 | $2,125 | $2,379 | $2,649 | $2,930 |
| $250,000 | $4,950 | $5,312 | $5,948 | $6,622 | $7,326 |
| $500,000 | $9,901 | $10,624 | $11,895 | $13,244 | $14,651 |
Use the calculator as your benchmark, then pre-qualify to compare real offers from 75+ business lenders with a single soft pull.
Select a monthly amount that fits comfortably within your business's budget, then reverse engineer to find the potential loan size. Lenders generally look for a debt service coverage ratio (DSCR) of no less than 1.25x—implying that your net operating income should be at least 1.25 times your total debt obligations.
A loan over 36 months will incur less total interest compared to one that spans 120 months, albeit with higher monthly payments. While a longer repayment term reduces your monthly outlay, it also escalates the overall cost. Reviewing your amortization schedule can clarify this balance.
Lenders are required by the Truth in Lending Act (TILA) to disclose most fees, but keep in mind that certain loans might include origination fees, SBA guarantee fees, or prepayment penalties that this calculator doesn’t account for. It's essential to evaluate the total cost of capital when comparing options.
This calculator is designed to give you a ballpark estimate. Once you identify a suitable payment range for your business, proceed with pre-qualification in our marketplace to explore genuine offers from licensed lenders. A soft credit inquiry will not impact your credit standing.