Payment calculator
Run the numbers before you talk to anyone.
Pick a program, set the amount and term. The math is straight amortization at representative program rates, with total interest shown, because that's the number that matters.
Estimate your monthly payment
Pick a program, set your amount and term.
- Total repayment
- $0
- Total interest
- $0
Estimates use representative program rates and amortized monthly payments. Your actual rate, term, and structure depend on underwriting. This is not an offer of credit.
How to read these numbers
Three things to watch when you compare any two loans, here or anywhere else:
- Total interest, not just the payment. A longer term lowers the monthly number and raises the lifetime cost. Neither is "better." It depends on what the capital earns you in the meantime.
- APR, not factor rates. If a quote you're holding uses a factor rate (common in merchant cash advances), it is not comparable to anything on this page until you annualize it. Our term loan vs. MCA guide walks through that math.
- Prepayment terms. Two loans with identical payments can differ by tens of thousands of dollars if one lets you pay off early without penalty and the other doesn't.
The rates behind this calculator
| Program | Representative rate used | Recent range | Max term modeled |
|---|---|---|---|
| SBA 7(a) | 10.25% APR | Prime + 2–3% | 10 years |
| Term loan | 11.00% APR | 8.5% – 14% | 5 years |
| Equipment financing | 9.50% APR | 7.5% – 12% | 7 years |
| Government partnership | 7.50% APR | 6.5% – 9% | 10 years |
| Equity-backed | 8.50% APR | 7% – 10% | 15 years |
Ranges reflect recent closings and program guidelines. Where your file lands inside a range depends mostly on deposits, time in business, and collateral. An application gets you the actual number, with no credit pull.