Calculate business loan payments and compare loan types. See amortization, break-even analysis, and early payoff savings for SBA, term, and equipment loans. Tailored with tips and guidance for Calculators optimized for self-employed individuals, freelancers, and gig workers..
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This business loan calculator is specifically designed for Calculators optimized for self-employed individuals, freelancers, and gig workers.. Whether you're just getting started or looking to optimize your financial strategy, this calculator provides the insights you need to make informed decisions.
Self-Employed & Freelancers face unique financial considerations that generic calculators don't address. Use the tips above alongside this business loan calculator to get a complete picture of your financial situation. The calculator is completely free, runs instantly in your browser, and never stores your personal data.
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| Type | Effective Amt | Rate | Monthly | Total Interest | Total Cost |
|---|---|---|---|---|---|
| Term Loan(selected) | $100,000 | 8.50% | $2,051.65 | $23,099 | $123,099 |
| SBA 7(a) | $100,000 | 8.50% | $2,051.65 | $23,099 | $123,099 |
| Line of Credit | $75,000 | 8.50% | $531.25 | $31,875 | $106,875 |
| Equipment Financing | $80,000 | 8.50% | $1,641.32 | $18,479 | $98,479 |
| Scenario | Amount | Rate | Term | Monthly | Total Interest |
|---|---|---|---|---|---|
| Primary | $100,000 | 8.5% | 60mo | $2,051.65 | $23,099.19 |
| Scenario B | $150,000 | 7.0% | 84mo | $2,263.90 | $40,167.77 |
| Scenario C | $75,000 | 10.0% | 36mo | $2,420.04 | $12,121.41 |