Free Business Finance Tools
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Business Loan Calculator
with Live Fed Rate Data

Instantly calculate your monthly payments and full amortization schedule. Pulls the current Federal Reserve benchmark rate automatically.

Loading Fed rate…
⚙ Loan Parameters
$
$50,000
%
7.5%
Fetching current Fed rate…
mo
60 mo (5 yr)
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📊 Loan Summary
Monthly Payment
—
per month
Total Repayment
—
—
Total Interest
—
— of loan
Payoff Date
—
—
Principal vs. Interest Breakdown
Principal
Interest
Amortization Schedule

Current Rate Context

  • Fed Funds Rate—
  • Prime Rate (Fed + 3%)—
  • Typical SBA Loan Rate—
  • Typical Bank Loan Rate—
  • As of—

Rate data sourced from the St. Louis Federal Reserve (FRED).

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How to Use This Calculator

Enter your loan amount, the annual interest rate you've been quoted, and your desired repayment term in months. The calculator uses standard amortization formula to compute exact monthly payments and a full breakdown of each installment.

The Fed rate shown is pulled live from FRED — use it as a reference to gauge whether your bank's offer is competitive.

Quick Reference: Loan Terms

  • Equipment Loan2–7 years
  • Working Capital6–24 months
  • SBA 7(a)up to 10 years
  • Commercial Real Estate10–25 years
  • Line of Creditrevolving
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What is a Business Loan Calculator?

A business loan calculator helps entrepreneurs and business owners estimate their monthly repayment obligations before committing to a loan. By inputting the loan principal, interest rate, and term length, you instantly see the monthly payment, total repayment amount, and full interest cost — giving you the data to compare lenders and negotiate better terms.

How is the Monthly Payment Calculated?

The calculation uses the standard amortization formula: M = P[r(1+r)ⁿ] / [(1+r)ⁿ–1], where P is the principal, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly payments. Each payment covers accrued interest first, with the remainder reducing the principal balance.

What is a Good Interest Rate for a Business Loan?

In 2026, competitive business loan rates typically range from 6.5% to 12% for qualified borrowers with strong credit and established revenue. SBA-backed loans tend to offer lower rates. The Federal Reserve benchmark rate (shown live above) is the starting point from which banks determine their prime rate and lending spreads.

Fixed vs. Variable Rate Business Loans

Fixed-rate loans lock in your interest rate for the full term — ideal when rates are low or rising. Variable-rate loans fluctuate with the prime rate, which tracks the Federal Reserve's benchmark. If the Fed cuts rates, your variable-rate payment decreases; if rates rise, so does your cost. This calculator models fixed-rate loans.