Try a realistic budget
Use the amount your project needs, then test several rate and term assumptions. Compare the payment against existing debt and a slower-sales month.
Business Loan Calculator
Estimate payments, interest and total repayment before comparing business loan offers.
Estimated monthly payment$1,660.72
Illustrative fixed-rate amortizing loan with monthly payments. Fees, insurance and taxes are excluded. This is not an offer or eligibility decision.
Plan your next stepCompare the payment.
Compare the payment.
Understand the commitment.
Credit concerns?
Learn how to prepare a business financing request when credit is a concern.
Business loans for bad creditNo asset to pledge?
Explore unsecured financing and understand how personal guarantees differ from collateral.
Business loans without collateralA little clarityGood questions.
Good questions.
Clear answers.
How does the business loan calculator work?
Enter a principal amount, annual interest rate and term in months. The calculator estimates equal monthly payments for a fixed-rate amortizing loan, plus total interest and total repayment.
Does the estimate include every financing cost?
No. Origination fees, insurance, taxes and other charges are excluded. Ask for the actual agreement and full cost breakdown before accepting financing.
Can I use this calculator for a merchant cash advance?
Not as a direct quote. A merchant cash advance may use a fixed funding charge and sales-based collections rather than monthly interest-bearing payments. A factor rate is not an annual interest rate.
How does a longer loan term affect payments?
For the same principal and positive fixed rate, extending the term usually reduces the monthly payment while increasing total interest. Compare the total repayment as well as monthly affordability.
Is the calculated payment a financing offer?
No. The rate you enter is an assumption, not a rate offered by MicroCapital. Availability, pricing, collateral and personal guarantees depend on the provider and application.
From $5,000 to $1,000,000.
Funding in 24–48 hours.
Explore my optionsTrusted by 1,000+ Canadian businesses yearlyFor eligible businesses, subject to approval and a complete application. Amounts, pricing and timing depend on the product, provider and bank processing.