Use this fast & easy business loan calculator to see how much you could qualify for. We offer a variety of business loans, each with different repayment terms.
Not sure what type of business loan you need? That's OK! The short-term or long-term business loan calculator will give you an idea of the terms you might get for a variety of loan types. If you need help, check out our guide to the different types of business loans.
Ready to get your cash? Apply now!
How to Use the Business Loan Calculator
The Business Loan Calculator can be used to calculate the monthly payments for different types of business loans. To use the small or long-term business loan calculator, enter the loan amount, estimated interest rate, and loan term in the appropriate fields and get your business loan quote and qualification. The monthly payment will be calculated and displayed in the "Payments" section.
Business Loan Calculator: Definitions & Terms
Here is a list of the key understandings and terms of any easy business loan calculator to understand how much business loan you qualify for.
How Much Loan Amount Do You Need?
You'll need to know how much you want to borrow for most loans. You should try to project how much you think you'll need and then add a cushion to cover any unexpected expenses.
Estimated Interest Rate
The estimated interest rate is the interest rate you think you'll be able to get for your loan. This will depend on several factors, including your credit score, the loan length, and the type of loan you're applying for. You should examine your potential payments based on several different interest rates to understand how much your monthly payments could vary.
The loan term is the length of time you have to repay your loan. Loan terms can be anywhere from 1 year to 30 years, depending on the type of loan you're applying for. Shorter terms will have higher monthly payments, but you'll pay off the loan faster. Longer terms will have lower monthly payments, but you'll pay off the loan over a longer period of time.
The "Payments" section will show you the monthly loan payment for the loan amount, interest rate, and term you've entered. This is only an estimate, and your actual payments may be different.
Not sure what type of loan is right for you? Check out our guide to the different types of business loans and compare online lenders to find the best loan for your business.
How Advancepoint Helps You Secure Financing
At Advancepoint Capital, we won't treat you like the big banks do. We'll give you the attention and service you deserve as a small business owner.
We understand that each business is unique and has different financing needs. That's why we offer a variety of loan products, each with its own features and benefits. And our team of expert loan officers will work with you to find the best loan for your business.
We Have a Wide Variety of Loan Products
We offer a variety of loans, each with its own set of features and benefits. Whether you need short-term loans to cover unexpected expenses or a long-term loan to finance your business's growth, we have a loan that will fit your needs.
Advancepoint connects you with traditional options like an SBA loan or business line of credit, but we don't just deal in the familiar. We also offer a huge range of alternative business loans, including merchant cash advances, equipment financing, and invoice financing.
We Have a Team of Expert Loan Officers
Our expert loan officers will work with you to find the best loan for your business. We'll take the time to understand your business and your financing needs so that we can match you with the right lender.
We have a wide network of lenders, including banks, credit unions, and alternative lenders. And we'll use our relationships with these lenders to get you the best rates and terms on your loan. So if you're looking for a business loan, Advancepoint Capital is the right place to go. We'll work with you to find the best loan for your business and get the funding you need to grow.
We Know How to Get You the Best Loan Terms
We have an enormous list of contacts and connections, and we'll use our relationships with these lenders to get you the best rates and terms on your loan. That way, we help you minimize the total interest paid over the life of your loan.
We can get cash fast - sometimes in as little as 24 hours* - and have a high approval rate. It's easy to get started - just fill out our online application, and one of our loan officers will contact you to discuss your financing needs. There's no obligation and no cost to apply.
We're Not Afraid of Less-Than-Perfect Credit
We know that your business is more than just a credit score. We'll work with you even if you have imperfect credit or little to no credit history. Your personal credit score doesn't matter in many cases, and we help you sift through the business financial statements you need to prepare for success. We have a history of funding businesses with less-than-perfect credit and are not afraid of a little risk.
Finding the right loan for your business doesn't have to be difficult. With the business calculator above, you can check your business loan pre-approval calculator or any SBA loan calculator. Get started today by filling out our online loan application. We'll work with you to find the best loan for your business.
We're Committed to Your Success
We're committed to helping you secure the financing you need to build your business. We'll work with you every step of the way, from the initial application to closing on your loan. And we'll be there for you even after receiving your loan if you have any questions or need help making your payments.
We're not just a business loan broker - we're your partner in success. Contact us today to learn more about our business loans and how we can help you grow your business.