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Business Loan Calc

Expansion capital or startup funds. Calculate the cost.

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How It Works: Calculates fixed monthly payments and total interest for commercial financing using standard amortization.

Key Inputs:
  • Loan Amount: Total capital borrowed.
  • Annual Interest Rate (%): Yearly interest rate charged.
  • Term (Years): Duration of the loan repayment.


Total Cost: Shows the full amount paid over the life of the loan (Principal + Total Interest).
Monthly Payment
$1,239
Total Interest
$48,700
Total Cost
$148,700

Business Financing: SBA vs. Conventional Loans

Fueling growth requires capital. Choosing the right loan type can determine whether that capital acts as rocket fuel or an anchor.

SBA Loans (7a & 504)

The Small Business Administration (SBA) partially guarantees these loans, reducing risk for lenders.
Pros: Low down payments (10%), long terms (10-25 years), and capped interest rates.
Cons: Slow approval process (60-90 days), extensive paperwork, personal guarantee required.

Conventional Bank Loans

Direct lending from a bank without government backing.
Pros: Fast decisions, fewer restrictions on how funds are used.
Cons: Higher credit score needed (700+), larger down payments (20-30%), shorter terms.

Before You Apply