Business Loan Amortization Calculator
Amortized monthly payment, total interest, and true cost after origination fees — for SBA, bank term, and online-lender business loans.
Loan terms
SBA 10–13% · Bank 8–15% · Online 15–35%
SBA up to 120 · Bank 36–84 · Online 6–36
Your payment
How to read your amortization
A business term loan works exactly like a mortgage: each payment covers interest first, principal second. In the early months you're mostly paying interest — which is why shortening the term saves far more than a slightly lower rate. A $150k loan at 11.5% over 60 months costs about $47k in interest. Cut the term to 36 months and interest drops to $28k, but the monthly payment jumps from $3.3k to $4.9k.
Compare against a merchant cash advance — MCA calculator — or a revolving business line of credit. For the guide on qualifying, see business loans explained.
Frequently asked questions
What is a good APR for a small business loan?
It depends on the product and your profile. SBA and bank loans are usually the cheapest, online term loans cost more, and short-term or bad-credit products cost the most. Compare the total cost, not just the rate.
Why does the origination fee matter?
The fee is taken out of the loan, so you receive less cash but repay the full amount. That raises your real cost. This calculator shows the net funded amount and total cost after fees.
Should I pick a shorter or longer term?
A shorter term means a higher monthly payment but much less total interest. A longer term lowers the payment but costs more overall. Choose the shortest term your slowest month can comfortably carry.
Do I qualify through Outset Funding?
We match businesses with $10,000+ in monthly revenue and 6+ months in business to lending partners. Rates, terms and approval are set by the lender.