Business Loan Calculator - Estimate Your Payments

Q: What's the difference between APR and factor rate?

APR represents the yearly cost of borrowing. Factor rates are multipliers used in MCAs - a 1.3 factor rate means you pay back $1.30 for every $1 borrowed.

Q: How much can I borrow for my business?

Most lenders offer between 1-2x your monthly revenue. If your business does $50,000/month, you may qualify for $50,000-$100,000 in funding.

Term Loan

Line of Credit

MCA

Loan Amount (How much do you need?)

$5K $500K

Loan Term (Repayment period)

Interest Rate (Annual percentage rate)

5% 50%

Factor Rate (MCA pricing)

1.10 1.50

Estimated Monthly Payment

$4,512

Total Repayment

$54,144

Total Interest/Fees

$4,144

Effective APR

15.0%

Daily Payment

$148

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How to Use This Calculator

This business loan calculator helps you estimate payments for three types of financing:

Term Loans: Traditional loans with fixed monthly payments over a set period. Best for large, one-time expenses.
Lines of Credit: Flexible borrowing where you only pay interest on what you use. Shown here as if you draw the full amount.
Merchant Cash Advances (MCA): Revenue-based financing using factor rates instead of APR. Payments are typically daily.

Typical Rates by Lender Type

Lender Type	Typical APR	Term	Speed
SBA Loans	10-13%	10-25 years	30-90 days
Bank Term Loans	6-13%	1-5 years	2-4 weeks
Online Lenders	15-35%	6-24 months	1-7 days
MCA Providers	40-150%*	3-18 months	24-48 hours

*MCA uses factor rates, not APR. Effective APR varies based on payback speed.

Frequently Asked Questions

How accurate is this calculator?

This calculator provides estimates based on standard loan formulas. Actual payments may vary based on your specific offer, fees, and terms. Always review the final loan agreement for exact numbers.

What's the difference between APR and factor rate?

APR (Annual Percentage Rate) represents the yearly cost of borrowing including interest and fees. Factor rates are multipliers used in MCAs - a 1.3 factor rate means you pay back $1.30 for every $1 borrowed. Factor rates don't account for time, so the effective APR depends on how quickly you repay.

How much can I borrow for my business?

Most lenders offer between 1-2x your monthly revenue. For example, if your business does $50,000/month, you may qualify for $50,000-$100,000 in funding. Some SBA loans go up to $5 million for qualified businesses.

What affects my interest rate?

Key factors include: credit score, time in business, monthly revenue, industry type, and loan amount. Stronger financials and longer business history typically result in lower rates.