Business Loan Payment Calculator

SBA 7(a) loans typically range from prime rate + 2.25% to +4.75%. For a $500K loan at 10% over 10 years: ~$6,607/month, $292,840 total interest.

Short-term business loans (1–3 years) carry higher monthly payments but dramatically lower total interest — better for cash-generating assets.

The amortization schedule helps you plan cash flow for debt servicing. Lenders use DSCR (Debt Service Coverage Ratio) — aim for at least 1.25.

For equipment financing, match the loan term to the useful life of the asset — typically 5–7 years for most business equipment.