Loan calculator
Estimate the payment before you commit.
This calculator amortizes a fixed-payment installment loan. Adjust the amount, rate, and term to see your monthly payment, total interest, and full schedule.
Loan details
Estimated
Revolving lines, equipment financing, accounts-receivable financing, and merchant cash advances do not amortize the same way as a term loan. A merchant cash advance in particular is priced at a factor rate, not an APR. See each financing option for how its structure works, or get matched to see real numbers for your business.
How a business loan payment is calculated
A fixed-payment installment loan is repaid in equal monthly amounts. Each payment covers the interest accrued that month plus a portion of principal. Early payments are mostly interest; as the balance falls, more of each payment goes to principal. The monthly payment is a function of three inputs: the amount borrowed, the annual interest rate, and the term in months. Total interest is simply the sum of every payment minus the original amount.
The calculator above is indicative. Your actual rate and term depend on your business profile and the lender. Capital Selector returns real, matched structures once it understands your revenue, time in business, and use of funds.