Business Loan Payment Calculator
Know your payment before you talk to a lender
Before you apply for a business loan, you should know your estimated payment — and the total interest cost over the life of the loan. Use this calculator to model different loan amounts, rates, and terms side-by-side. Knowing your payment is also the first step in running your DSCR.
- ✓Daily interest accrual — weekend payment dates shift to Monday with extra days counted
- ✓Full amortization table with every payment: interest, principal, and running balance
- ✓Enter extra principal payments per row to see how prepaying shortens the loan
- ✓Balance paydown chart showing remaining balance vs. cumulative interest over time
Balance Paydown
Amortization Schedule
120 payments · daily interest · weekends → Monday| # | Date | Days | Payment | Interest | Principal | Extra Principal enter to prepay | Balance |
|---|---|---|---|---|---|---|---|
| 1 | Nov 2, 2026 +1d (weekend) | 32 | $5,935.09 | $3,287.67 | $2,647.42 | $497,352.58 | |
| 2 | Dec 1, 2026 | 29 | $5,935.09 | $2,963.68 | $2,971.41 | $494,381.17 | |
| 3 | Jan 1, 2027 | 31 | $5,935.09 | $3,149.14 | $2,785.95 | $491,595.22 | |
| 4 | Feb 1, 2027 | 31 | $5,935.09 | $3,131.39 | $2,803.69 | $488,791.53 | |
| 5 | Mar 1, 2027 | 28 | $5,935.09 | $2,812.23 | $3,122.86 | $485,668.67 | |
| 6 | Apr 1, 2027 | 31 | $5,935.09 | $3,093.64 | $2,841.45 | $482,827.22 | |
| 7 | May 3, 2027 +2d (weekend) | 32 | $5,935.09 | $3,174.75 | $2,760.33 | $480,066.89 | |
| 8 | Jun 1, 2027 | 29 | $5,935.09 | $2,860.67 | $3,074.42 | $476,992.47 | |
| 9 | Jul 1, 2027 | 30 | $5,935.09 | $2,940.36 | $2,994.72 | $473,997.75 | |
| 10 | Aug 2, 2027 +1d (weekend) | 32 | $5,935.09 | $3,116.70 | $2,818.39 | $471,179.35 | |
| 11 | Sep 1, 2027 | 30 | $5,935.09 | $2,904.53 | $3,030.56 | $468,148.80 | |
| 12 | Oct 1, 2027 | 30 | $5,935.09 | $2,885.85 | $3,049.24 | $465,099.56 | |
| 13 | Nov 1, 2027 | 31 | $5,935.09 | $2,962.62 | $2,972.47 | $462,127.09 | |
| 14 | Dec 1, 2027 | 30 | $5,935.09 | $2,848.73 | $3,086.36 | $459,040.73 | |
| 15 | Jan 3, 2028 +2d (weekend) | 33 | $5,935.09 | $3,112.67 | $2,822.42 | $456,218.31 | |
| 16 | Feb 1, 2028 | 29 | $5,935.09 | $2,718.56 | $3,216.53 | $453,001.79 | |
| 17 | Mar 1, 2028 | 29 | $5,935.09 | $2,699.39 | $3,235.69 | $449,766.09 | |
| 18 | Apr 3, 2028 +2d (weekend) | 33 | $5,935.09 | $3,049.78 | $2,885.30 | $446,880.79 | |
| 19 | May 1, 2028 | 28 | $5,935.09 | $2,571.09 | $3,363.99 | $443,516.79 | |
| 20 | Jun 1, 2028 | 31 | $5,935.09 | $2,825.14 | $3,109.95 | $440,406.85 | |
| 21 | Jul 3, 2028 +2d (weekend) | 32 | $5,935.09 | $2,895.83 | $3,039.26 | $437,367.58 | |
| 22 | Aug 1, 2028 | 29 | $5,935.09 | $2,606.23 | $3,328.86 | $434,038.73 | |
| 23 | Sep 1, 2028 | 31 | $5,935.09 | $2,764.77 | $3,170.32 | $430,868.41 | |
| 24 | Oct 2, 2028 +1d (weekend) | 31 | $5,935.09 | $2,744.57 | $3,190.52 | $427,677.89 |
Interest accrues daily (annual rate ÷ 365 × days in period). Payment dates falling on Saturday shift +2 days to Monday; Sunday shifts +1 day — those extra days continue accruing interest and are reflected in that period's interest column. Extra principal payments reduce the balance immediately, shortening the loan term; the summary shows how much interest and how many months are saved.
Frequently Asked Questions
What interest rates should I use?
For SBA 7(a) loans, current rates are Prime + 2.25–4.75% (roughly 10–12.5% as of 2026). Conventional bank loans for strong borrowers start around 7–9%. Online lenders and fintech products range from 12–40%+ depending on risk.
How does loan term affect my DSCR?
Longer terms mean lower monthly payments, which improves your DSCR. A $500,000 loan at 9% over 10 years runs about $6,300/month; over 25 years it's about $4,200/month. The tradeoff is substantially more total interest paid.
What is a typical SBA 7(a) loan term?
Working capital loans: up to 10 years. Equipment loans: up to 10 years. Commercial real estate: up to 25 years.
Related Tools
This tool is for educational purposes only. Results do not constitute a loan offer, pre-qualification, or guarantee of financing. Consult a licensed financial professional for advice specific to your situation.