This free business loan calculator works out the monthly payment, total interest and total repaid on a loan from its amount, interest rate and term. Cablecroft Capital Group, a small-business funding broker in Albany, Georgia, provides it for Dougherty County owners as illustrative arithmetic only, not an offer or an estimate of terms.
The three inputs
- Amount: the principal, in dollars, before any fees.
- Annual interest rate: the rate on an offer you hold, or a what-if figure.
- Term in months: how many monthly payments the loan runs.
The calculator assumes equal monthly payments on a fully amortizing loan and shows three results: monthly payment, total interest and total repaid (principal plus interest).
Checking the calculator's arithmetic yourself
To test the arithmetic, use a hypothetical: $9,000 at a 0 percent rate over 36 months. That gives 36 payments of $250, no interest at all, and $9,000 paid back in total. Put any positive rate in and the payment, the interest and the total all go up. These numbers only show the method; they are not an offer and not a typical figure.
With a rate above zero, the standard amortization formula spreads interest so each payment is equal while the interest share falls over time. The calculator does that sum for you.
What the calculator leaves to you
- Fees. Origination and documentation fees are not included; add them to the total repaid yourself.
- Daily or weekly schedules. Results are monthly only. Convert another schedule by hand using the payment count on the offer.
- Balloon payments. A loan with a final lump sum will not match these results; ask for the full schedule.
- Merchant cash advances. An advance is not a loan and has no interest rate, so this calculator does not apply to it.
- Leases. Lease payments and buyout options are not modeled.
Reading the result
Hold the monthly payment against your slowest recent month rather than your average one. If it only works in a good month, try a longer term or a smaller amount and see how total interest changes: a longer term lowers the payment but raises the total repaid.
Why payment size matters in Dougherty County, GA
Nearly half of Dougherty County's employer establishments, 47.2 percent, had fewer than five employees in 2023 (U.S. Census Bureau, County Business Patterns 2023). For a business that size, one fixed monthly payment can be a large share of the month's spare cash. Business term loans explains amortization in more detail, and working capital covers shorter schedules. The guide shelf has the rest.
Illustrative arithmetic only. Only lending partners set real rates and terms.
By Cablecroft Capital Group · Updated
