Calculator
Business loan calculator
Estimate the payment and total cost of a term loan, equipment financing or a line of credit draw.
Estimate
- Monthly payment
- $4,992.41
- Number of payments
- 24
- Total interest
- $19,818
- Total repaid
- $119,818
BFG Funds is not a lender. We connect businesses with independent lenders and funding providers. Amounts, rates, terms and timing are set by each provider after its own review of your business (bank statements, revenue, time in business, credit profile and more) and are not guaranteed.
Estimates assume a fixed rate and level payments; daily schedules assume 252 business days per year. Actual offers may differ.
Frequently asked questions
How is a business loan payment calculated?
Most term loans are amortized: each payment covers that period's interest plus part of the principal, so the payment stays the same while the balance falls. The payment depends on the amount, the rate and the number of payments.
What rate should I enter?
Use the APR from an offer if you have one. Bank and SBA loans are usually in the single digits to low teens; online term loans and lines of credit commonly range from the low teens to over 40% APR depending on your profile.
Why does a weekly or daily schedule change the total cost?
More frequent payments reduce the balance faster, which slightly lowers total interest at the same APR — but the payments come out of your account more often, which matters for cash flow.
Talk to us about your business
One application, a specialist who knows the lenders, and offers explained in plain English. Checking your options won't affect your credit.