Business Loan Payment Calculator
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The Business Loan Payment Calculator on this page will calculate periodic payment amounts and estimate the sales revenues needed to repay the principal and interest.

This free online small business calculator will calculate the principal and interest payment amount required to repay a small business loan within the desired time frame, using your preferred payment interval (monthly, quarterly, annually, etc.).

And unlike the typical small business loan calculator, this calculator has an optional profit margin percentage field that, if filled in, will estimate how much in sales revenues your business will need to generate in order to repay the small business loan principal and interest. But be forewarned, if you don't want to be talked out of starting your business, you may want to leave the profit margin field blank!

And finally, the business loan payment calculator on this page also includes an option for displaying an amortization schedule along with the results.

But before we get to the calculator, I would like to share a few of the important lessons I've learned in my 30+ years of being in business for myself (you can read my story here).

Small Business Lesson #1

Choose the Right Business to Start

Believe it or not it is possible to be earning a 6-figure annual income from your business and still be miserable. How so? Well, that's easy. If you're spending 80-hours a week engaged in activities you don't enjoy, then it's unlikely the 6-figure income and the few hours of free time will be able to make up for all those hours of misery.

Having experienced this phenomenon myself, my answer to anyone who ever asks me whether or not I think they should start a particular business, is to ask themselves this question ...

If you had all of the money you could ever spend, would you still open this business just because it would be an enjoyable way to help others solve a problem that's important to you?

If their answer to that question is a "no", then I do my best to persuade them to pass on that particular business opportunity.

If you don't enjoy the type of work you will be doing day-in and day-out, and/or the problem the business attempts to solve for others is not that dear to you, then any financial profits it generates for you will likely be more than offset by your emotional losses.

Small Business Lesson #2

It's Easier To Go Broke Laying On Your Couch Doing Nothing

One of the biggest mistakes I made early on in my entrepreneurial journey -- and one I made more than once -- was falling in love with a business idea so much that I felt a thorough research of its profitability potential was unnecessary.

After going through several business failures it finally occurred to me that it's a lot easier to go broke laying on the couch than it is to work 80-hours a week to go broke.

Once I fully embraced that concept I began to approach each subsequent business idea with the mindset that the business idea was destined to fail -- unless my thorough research of it's probability of success could prove otherwise. In other words, if I can't make a business idea work on paper, I won't try to make it work in the real world.

Case in point: I love to golf and wanted in the worst way to open an indoor golf simulator business in my local community. Well, after locating a few indoor golf simulator businesses in similar sized communities with similar demographics and weather patterns, and keeping a close eye on them, every one of those indoor golf simulator businesses ended up "out of business" within one year of locating them. It was heartbreaking to say the least.

So while watching a beloved business idea fail in the research stage can be heartbreaking, it's much less traumatic and less devastating -- and much easier to recover from -- than having it fail after making a go of it in the real world.

Small Business Lesson #3

Small Business Loans Can Undermine Your Natural Abilities

Like other forms of "easy access to credit," easy access to small business loans can easily undermine your natural decision-making and problem solving abilities.

It's always easier to spend other people's money -- because it's money you haven't had to earn with your own sweat, blood, and tears. Unfortunately we all tend to view "borrowed money" as other people's money, when in reality it's not. Because when we are forced to pay back the money we borrow it will be with money we had to earn with our own blood, sweat, and tears.

Therefore, to insure you're not undermining your natural decision-making and problem solving abilities, before taking out a starting-a -small-business loan, honestly answer "yes" or "no" to this question ...

If I had this small business loan amount in my bank account, would I still choose to spend it all to start this business?

If your answer to that question is a resounding "Yes!", and your unbiased research has shown a high probability that the business will be able to repay the loan and still leave you enough to live on, then a small business loan may be worth shopping for.

On the other hand, if you had the small business loan amount in your bank account, but you would not consider parting with it to start this business, then you probably shouldn't consider borrowing the money to start it either.

With that, let's use the Business Loan Payment Calculator to calculate the periodic payment amount needed to repay a small business loan's principal and interest within the desired time frame.

Business Loan Payment Calculator
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Instructions: Enter the amount of the business loan, the small business loan interest rate, and the term of the loan in years.

Next select your desired payment frequency and enter the optional profit margin percentage, and then click the "Calculate Loan Payments" button.

Mouse over the blue question marks for a further explanation of each entry field. More in-depth explanations can be found in the glossary of terms located beneath the Business Loan Payment Calculator.

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Help Starting a small business loan amount ($):
Help Small business loan interest rate (%):
Help Number of years (#):
Help Loan payment frequency:
Help Date of first payment:
Help Optional: Anticipated after-tax profit margin (%):
Help Loan payment amount:
Help Interest cost:
Help Sales needed to repay business loan with interest:
Please grade my work and help me improve:
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Business Loan Payment Calculator Glossary of Terms

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Starting a small business loan amount: Enter the dollar amount you wish to borrow.

Small business loan interest rate: Enter the annual interest rate you will be charged for the business loan -- which is typically much higher than the going mortgage rate due to the added risk being taken on by the lending institution. Enter as a percentage (for .08, enter 8%).

Number of years: Enter the number of years you expect to be able to repay the business loan. The longer you take to pay back the loan, the more of your hard earned sales revenue will go toward paying interest charges to the lender.

Loan payment frequency: Select the payment frequency you would like to use for repaying the business loan. Generally speaking, the longer the interval between payments, the more you will pay in interest charges.

Date of first payment: Select the month, day, and year you plan to make your first business loan payment. The business loan payment calculator will use this date to create a payment schedule should you choose to have it included in the results.

Anticipated after-tax profit margin: (Optional) If you would like the Business Loan Payment Calculator to estimate how much sales your business will need to generate just to repay the business loan and pay the interest charges, enter your anticipated before-tax, before debt-retirement profit margin percentage here. Please enter as a percentage (for .10, enter 10%).

Payment schedule: (Optional) If you would like the Business Loan Payment Calculator to include the periodic payment schedule, select Include Payment Schedule before clicking the Calculate Loan Payments button.

Loan payment amount: Based on your entries, this is how much your business loan payment will be for each interval you selected.

Interest cost: Based on your entries, this is how much interest you will pay on your small business loan between now and when you make your final payment.

Sales needed to repay business loan with interest: Based on your entries, this how much sales revenue your business will need to generate in order to repay the business loan and the interest charges.

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