Calculator
Business loan payment and true cost
Monthly or weekly payment, total interest, and an APR that includes the origination fee.
The loan
$
%
Annual rate as quoted
mo
%
The real cost
- Payment——
- You receiveafter the origination fee—
- Total interest—
- Fees—
- Total cost—
APR with feesWhat the rate becomes once fees count—
Estimates for comparison only, using 21 business days a month and 52 weeks a year. Your contract's disclosures govern. Nothing you enter here is saved or sent.
How this calculator works
An interest rate ignores fees. An APR that includes them is the fair number to compare.
When a lender takes a fee out of the loan at closing, you pay interest on money you never received. The APR here solves for the rate that makes your payments worth exactly what you received after fees, then annualizes it. Compare it with the estimated APR on an advance offer in the offer comparison.
One application, many funders
Want real offers to run through this?
Apply once. We bring back offers from funders that fit and decode every one: total payback, dollar cost, payment and estimated APR.
- About 3 minutes. No SSN and no bank login to start, so checking doesn't affect your credit.
- 4 months of bank statements. A specialist contacts you within 1 business day and asks for them through a secure link.
- You approve every funder before your file goes out. No cost to apply, and no obligation to accept.