Term loan
Level monthly payments on a declining balance. Enter the amount, the stated rate, the term and any fee withheld at funding, and you see the payment, your net proceeds and the true cost above what you received.
Fixed paymentAmortizing
Five calculators, one page
Business Loan Calculator to Price Any Offer Before You Sign
Test a term loan, a credit line draw, a factor rate advance, an invoice factoring deal or your debt coverage in seconds. Move the sliders, read the payment and the total cost, then bring the numbers to your lender conversation with a clear sense of what each proposal really costs.
Free to use. No sign up. A planning tool, never a lender quote.
Credit impact
None at all
Results
Update as you slide
Financing types
Five in one tool
The calculator
Choose your structure, then set your numbers
Choose the financing type you are weighing, then drag the sliders. The panel on the right reprices as you go.
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Pick the right formula
Five structures, five different kinds of math
A term loan and a revenue based advance are priced in completely different ways. Choose the tab that matches the contract in front of you.
Credit line
Prices one draw held for a set number of months, with interest on the drawn balance and any allocated fee. It shows what holding that borrowing really costs compared with a term loan.
One drawDrawn balance only
Factor rate advance
Turns an advance and a factor rate into a fixed payback amount and an average weekly remittance. It deliberately avoids quoting an APR, since a factor rate and an annual rate measure cost in different ways.
Payback amountWeekly remittance
Invoice factoring
Splits the cash you get now from the balance the factor holds in reserve, plus a fee that grows with every 30 days your customer takes to pay. You see the real cash you keep, not the invoice face value.
AdvanceReserveFee
Debt coverage
Weighs yearly cash flow against current debt service plus the new payment. Check it early: if the ratio falls short at the pricing you have in mind, you may want a smaller amount or longer term before applying anywhere.
DSCRHeadroom
Behind the numbers
How every figure is worked out
Nothing is hidden. This is exactly what each tab calculates and what it leaves out.
| Tab | Headline result | How it is calculated | Not included |
|---|---|---|---|
| Term loan | Monthly payment | Standard amortization using the monthly rate and the number of months. Fee is withheld, so net proceeds equal the amount minus the fee. | Late fees, prepayment penalties, variable rates |
| Credit line | Cost of the draw | Interest equals the draw times the annual rate times the months outstanding divided by 12, plus the allocated fee. | Daily balance changes, commitment and renewal fees |
| Factor rate | Payback amount | Advance times the factor rate. Net cash is the advance less the fee. Weekly remittance spreads payback over 156 weeks. | Actual remittance schedule, early payoff terms |
| Invoice factoring | Initial advance | Face value times the advance rate. The reserve is the rest. The fee is face value times the rate for each 30 days to payment. | Wire fees, minimum volume and late fees |
| Debt coverage | Total DSCR | Annual cash available divided by existing plus new annual payments. Headroom is cash divided by 1.25, less existing payments. | Lender specific cash flow definitions |
Before you sign
Run a slow month. Then compare the paper.
A payment that looks comfortable against average sales can squeeze you in a quiet month. Three quick habits protect you.
Stress the payment
Judge the payment by your slowest recent month rather than your typical one. Rerun variable rate debt at a higher rate, and rerun invoice deals with customers paying thirty days later than usual.
Confirm how the fee works
On a $80,000 loan with a $2,400 fee taken out up front, $77,600 reaches your account, yet you repay interest on the full $80,000. Ask whether the fee comes out of the proceeds or is rolled into the balance, and whether early payoff saves anything.
File it with the contract
Store your inputs, today's date and the written proposal in one place. Check cash received, total repaid, payment timing and default terms against the signed pages.
Offer checklist
Four numbers to line up on every offer
Put two or more written proposals side by side on these four measures.
What actually reaches your account after any fee is withheld.
Every dollar you will send back over the life of the deal.
Daily, weekly or monthly debits and how they fit your cash flow.
Guarantees, liens and exactly what triggers a default.
FAQ
Business loan calculator FAQ
How each tab is calculated, and how to use what it shows you. For more reading, browse our business funding articles.
Which calculator should I use for my offer?
Match the tab to the paperwork, not to the product name that sounds closest. A bank term loan with a stated interest rate belongs on the term loan tab. A purchase of future receivables priced with a factor rate belongs on the factor rate tab. Credit lines, invoice factoring and the debt coverage test each have their own tab because the math differs. Mixing them gives a number that looks precise and means little.
Why is a factor rate not the same as an APR?
A factor rate is a single multiplier applied once to the amount advanced, so the total payback is fixed on day one. It does not compound, does not shrink if you repay early and says nothing about time. An APR spreads the cost over a year and accounts for timing. The same factor rate can be a modest or a very high APR depending on how fast the advance is repaid, which is why the factor tab shows dollars instead of a percentage.
What does the origination fee slider do?
It models a fee that the lender withholds from your proceeds. If you borrow $100,000 with a 3 percent fee withheld, $97,000 reaches your account while the full $100,000 is still repaid. The calculator therefore reports net proceeds and measures cost against that smaller amount. If your proposal adds the fee to the balance instead of withholding it, set the fee to zero and raise the amount.
Why does the credit line tab model only one draw?
Real credit lines are drawn, repaid and drawn again in patterns no calculator can guess. Holding one constant draw for a set number of months gives a clean number you can compare with a term loan. If you expect several draws, run each one separately and add the results.
How is invoice factoring cost estimated?
The tab splits the invoice into an immediate advance and a reserve. The fee is charged on the invoice face value for each 30 days your customer takes to pay, and it comes out of the reserve when the invoice settles. Wire fees, minimum volume charges and late fees are not included, so check them in the agreement.
What is DSCR and what does 1.25 times mean?
Debt service coverage ratio compares the annual cash your business has available for debt with the total of all annual debt payments. A ratio of 1.0 means the cash just covers the payments. Many alternative lenders look for at least 1.25, and banks often ask for more. The tab also shows how much additional annual debt service you could take on while staying at 1.25.
Does this calculator affect my credit score?
No. It runs entirely in your browser, connects to no lender and never contacts a credit bureau. A credit inquiry only happens if you later apply with a lender.
How accurate are the results compared with a real offer?
When you copy the figures from a written proposal, the term loan and credit line results are arithmetically sound for the structure described. The factor rate weekly remittance, the factoring cost and the coverage test are planning estimates. Final amounts, fees and terms always come from the lender, so keep your result next to the contract and compare at least two offers.
Found a payment you can live with?
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Same Day Business Loans Online is a comparison and matching resource and not a lender, and it makes no credit decisions. These tools are educational. They are not an offer or a commitment to lend. Results are estimates based on the figures you enter and do not constitute an offer, approval, legal advice or a promise to lend. Actual rates, fees and terms are set solely by the lender. We may receive compensation from lending partners, which never changes how we score, write or rank. Read our advertising disclosure.