Term Loan Calculator

Calculate Your Business Term Loan Payments and Total Cost with Our Easy-to-Use Calculator

Calculate your loan

$100,000
$10,000$1,000,000
12.000%
6%36%
3 years
1 year10 years

Loan Details

Loan Amount:$100,000
Interest Rate:12.000%
Term:3 years
Total Payments:36 payments

These calculations are estimates only. Final terms are subject to approval and underwriting review.

Monthly Payment

$3,322
/mo

Total Repayment

$119,592

Total Interest Cost

$19,592
(Above loan amount)

Term Loan Benefits

Fixed monthly payments
Predictable repayment schedule
Build business credit

See If You Qualify

Answer 4 quick questions to check your eligibility

Takes 30 seconds - No impact on credit score

Question 1 of 4

What is a Term Loan?

A business term loan is a traditional financing option that provides a lump sum of capital upfront, which you repay over a fixed period (the "term") with regular monthly payments. Term loans offer predictable repayment schedules with fixed interest rates, making it easier to budget and plan for your business expenses. These loans are ideal for significant one-time investments such as purchasing equipment, expanding operations, buying real estate, or refinancing existing debt. With terms typically ranging from 1 to 10 years, term loans provide the stability and structure many businesses need for long-term growth and success.

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