Business Loan Calculator
Loan Payment
How Much Can I Borrow?
Formula
Monthly Payment = P × [r(1+r)^n] / [(1+r)^n - 1]; Effective APR includes origination fees in the cost calculation
Frequently Asked Questions
What is an origination fee?
An origination fee is an upfront charge by the lender to process the loan, typically 1-5% of the loan amount. It reduces your net proceeds but doesn't change the monthly payment, increasing the effective APR.
What is effective APR?
Effective APR accounts for all fees and costs of borrowing, not just the interest rate. It reflects the true cost of the loan and is always equal to or higher than the stated interest rate.
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