# Business loan payment calculator

Source: https://businessloanbroker.ai/tools/business-loan-calculator/
Site: BusinessLoanBroker.ai (powered by Levr)

> Calculate the monthly or weekly payment and total interest on a business loan from the amount, rate and term. Free, instant, and it ends in the lenders that fit.

Enter the amount, the annual rate and the term. The payment and total interest update as you type.

## How is the payment calculated?

It uses the standard amortizing loan formula: the periodic rate is the annual rate divided by the number of payments a year, and the payment is set so the loan is fully repaid at the end of the term. Most term loans, SBA loans and equipment loans work this way. Lines of credit, merchant cash advances and revenue based financing do not; use the [true cost calculator](https://businessloanbroker.ai/tools/mca-true-cost-calculator/) for factor rate products.

## What rate should I enter?

Use the rate on your offer if you have one. Otherwise use a typical range from [business loan rates explained](https://businessloanbroker.ai/guides/business-loan-rates-explained/): banks and credit unions 7% to 12%, SBA 7(a) about 10% to 13.5% in 2026, online term lenders 12% to 30%, equipment 6% to 25%. Fees such as origination are not in the rate; add them to the total cost when you compare offers.

## Questions and answers
**Does this include fees?**

No. Origination and closing fees are separate. Add them to total interest to get the total cost of the loan.

**Why is the weekly payment not a quarter of the monthly one?**

Weekly payments compound 52 times a year and repay slightly faster, so the total interest is a little lower and each payment is slightly more than a quarter of the monthly figure.

## Related
- [SBA loan calculator](https://businessloanbroker.ai/tools/sba-loan-calculator/)
- [Business term loans](https://businessloanbroker.ai/business-loans/term-loans/)
- [Business loan rates explained](https://businessloanbroker.ai/guides/business-loan-rates-explained/)
- [How much can I borrow?](https://businessloanbroker.ai/tools/how-much-can-i-borrow/)

## Apply
Apply for the business: https://apply.businessloanbroker.ai/signup?utm_source=direct&utm_medium=organic&utm_content=md-loan-calculator
MCP server for AI agents: https://mcp.businessloanbroker.ai/mcp (docs: https://businessloanbroker.ai/agents/mcp/)