Business Line of Credit Calculator

Find the Best Line of Credit Amount for Your Business with the Business Line of Credit Calculator. Compare, Choose, and Save

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How much do you need?

Estimated Interest Rate


Line of Credit Amortization Term


    Total Repayment:
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    Business Line of Credit Calculator

    Use this fast & easy business line of credit calculator to see how much business line of credit you could qualify for. Not sure what kind of business line of credit you qualify for? We have you covered with our business line of credit calculator for any business line of credit loans, business line of credit interest rates, and business line of credit payment calculations.

    Ready to get your cash? Apply now!

    How To Calculate Business Line of Credit?

    The Business Line of Credit Calculator can calculate monthly payments, interest, and an amortization schedule. Simply enter the line of credit amount, interest rate (estimated), and line of credit amortized term in the appropriate fields. The monthly payment will be self-calculated under the "Payments" section.

    Business Line of Credit Calculator: Definitions & Terms

    How Much Credit Limit Do You Need?

    The credit limit is the maximum amount you can draw off the line. This is not the amount you need to draw when you open the line but the maximum available that may be needed during the term of use.

    Interest Rate

    The estimated interest rate is the rate you believe you are charged for the line of credit. Many factors dictate the rate, including your credit score, cash flow, financial statements, the industry you are in, and the length of time of the credit line. You can change the rate in the calculator to see the difference a rate can make to payment and the total cost of the line.

    Line of Credit Term

    The line of credit is amortized typically over 12 months, but can also be approved for 18, 24 & 36 months in amortization before renewal is requested. Lines of credit are typically renewed in 12 months but can be as long as 36 months depending on the type of line you're qualified for.

    How to Calculate a Monthly Payment on a Business Line of Credit?

    The "Payments" section shows you the monthly payment based on the current balance, interest rate, and term you've entered. Unlike a business loan calculator, the actual payments may differ depending on your balance and how often you re-draw on the line.

    What is a Business Line of Credit, and how does it work?

    A business line of credit (LOC) has a preset credit limit that you can draw money at any time. The business owner can draw money on demand until the limit is reached. If you reach your limit, once the money starts to repay, you can draw again up to the limit. This product is considered an open line of credit, unlike business loans.

    The amount of interest, the size of payments, and other rules are set by the lender. A LOC can be secured (by collateral), or unsecured, with unsecured LOCs, typically subject to higher interest rates.

    With a line of credit, you only owe interest on the amount you draw, not the entire credit line. In addition, borrowers can adjust their repayment amounts based on their budget or cash flow. This product offers flexibility in repayment.

    How To Get a Business Line of Credit: What are the Qualifications?

    Eligibility requirements can vary from lender to lender, but there are some similarities regarding the basic requirements.


    An application will be required, and you must disclose business information such as legal name, dba, business address, time in business under your ownership, and federal employer identification number. Additionally, you must provide the personal information for at least a majority (over 50%) of business owners, including full name, home address, date of birth, and social security number.


    Typically credit needs to be good to excellent. Scores need to be above 620 or better, so you might want to consider other options if you have bad credit.

    Time in Business

    Most business lines of credit require at least 2 years of business


    Business Bank statements and most recent business tax returns are evaluated for most lenders. Sometimes, a year-to-date Profit & Loss and balance sheet may also be requested.


    Lenders can be particular when it comes to what industry you are in. For example, some lenders love restaurants, and others do not regard risk. Working with a business funding originator who knows where to look for your business is essential.

    How Advancepoint Helps You Secure Financing?

    Advancepoint Capital has business lines of credit that are easier, faster, and less paperwork to get approved for than traditional banks.

    Our lender's network has multiple lenders that offer lines of credit at competitive rates and terms. We also provide a variety of small business loans, each with its own set of loan term features and benefits if the line of credit is not an option. We offer the following in our marketplace of online lenders; business loans, and SBA loans administered by the Small Business Administration. Our team of expert business finance specialists will be glad to guide you through what's available for you and your business.

    Frequently Asked Questions