What a business loan really costs — the payment, and the interest
Enter a loan amount, the APR, and the term and see the monthly payment, the total interest, and the total you'll repay — the two numbers most owners under-estimate. Shopping by budget instead? Switch to borrow mode and we'll tell you how much you can borrow for a monthly payment you can afford. No signup, no email — and you enter the APR, so nothing about any lender is assumed.
Your monthly payment
$0
- Loan amount
- $0
- Monthly payment
- $0
- Total interest
- $0
- Total repaid
- $0
- Interest as % of what you repay
- 0%
Good to know
An estimate from your own numbers, not financial advice. The math is standard amortization — the monthly payment that pays off the loan plus interest over the term you enter. It doesn't assume any lender's pricing: always confirm your actual APR and terms, which can include origination or other fees this doesn't cover.
How the loan math works
No black box — it's the standard fixed-rate amortization formula on the numbers you enter:
- Monthly payment — with a monthly rate r = APR ÷ 12 and a term of n months, payment = P × r × (1 + r)n ÷ ((1 + r)n − 1). At 0% APR it's simply the loan ÷ the months.
- Total repaid — payment × n, and total interest = total repaid − the loan amount.
- Borrow (reverse) — given a payment you can afford, we solve the same formula for the loan amount it buys.
A quick example: a $25,000 loan at 8% APR over 60 months is about $506.91 a month — and by the end you've repaid $30,414.59, so $5,414.59 of it is interest. A longer term lowers the monthly payment but raises that interest total, which is exactly the trade-off this makes visible.
Financing a tool, a vehicle, or an expansion to grow the business? Software that wins you more of the right customers can be what makes the payment easy to carry — the kind of thing we help small businesses figure out. See where it'd help in a free consult — no pitch.