Business Funding Calculator

Formatting only. This does not change the calculation.
The nominal annual rate (APR before fees), not the monthly rate.
Added to the term in years, for terms such as 5 years and 6 months. To state a tenure purely in months, set the years to 0 and enter the whole tenure here.
Additional principal paid on top of the scheduled payment.
A percentage of the loan withheld at closing. Enter the figure your lender quotes - fee schedules differ by lender and by programme.
Guaranty, packaging, survey or documentation fees withheld from the advance rather than paid separately.
Payment
1,608.91
Loan Payment Calculator
Total interest
35,148.14
Total of payments
135,148.14
Number of payments
84
Payoff time
7 years
Rate per period
0.75 %
Interest per unit borrowed
0.3515
Interest saved by extra payments
0
Payments saved
0
Loan amount
100,000.00
Annual interest rate
9 %
Months to repay
84
Fees deducted at closing
0.00
Net amount advanced
100,000.00
APR
9 %
Worked out from Standard annuity-immediate payment formula, PMT = P i / (1 - (1+i)^-n) and 4 other sources.

How this is worked out

3 steps
  1. Rate per period = 9% / 12 = 0.75%
  2. Payment = P i / (1 - (1+i)^-n) = 1608.91
  3. Over 84 payments the total paid is 135148.14, of which 35148.14 is interest.
Amortisation scheduletable
periodpaymentinterestprincipalbalance
11,608.91750858.9199,141.09
21,608.91743.56865.3598,275.74
31,608.91737.07871.8497,403.9
41,608.91730.53878.3896,525.52
51,608.91723.94884.9795,640.55
61,608.91717.3891.6194,748.94
71,608.91710.62898.2993,850.65
81,608.91703.88905.0392,945.62
91,608.91697.09911.8292,033.8
101,608.91690.25918.6691,115.14
111,608.91683.36925.5590,189.59
121,608.91676.42932.4989,257.1
131,608.91669.43939.4888,317.62
141,608.91662.38946.5387,371.09
151,608.91655.28953.6386,417.46
161,608.91648.13960.7885,456.68
171,608.91640.93967.9884,488.7
181,608.91633.67975.2483,513.46
191,608.91626.35982.5682,530.9
201,608.91618.98989.9381,540.97
211,608.91611.56997.3580,543.62
221,608.91604.081,004.8379,538.79
231,608.91596.541,012.3778,526.42
241,608.91588.951,019.9677,506.46
251,608.91581.31,027.6176,478.85
261,608.91573.591,035.3275,443.53
271,608.91565.831,043.0874,400.45
281,608.915581,050.9173,349.54
291,608.91550.121,058.7972,290.75
301,608.91542.181,066.7371,224.02
311,608.91534.181,074.7370,149.29
321,608.91526.121,082.7969,066.5
331,608.915181,090.9167,975.59
341,608.91509.821,099.0966,876.5
351,608.91501.571,107.3465,769.16
361,608.91493.271,115.6464,653.52
371,608.91484.91,124.0163,529.51
381,608.91476.471,132.4462,397.07
391,608.91467.981,140.9361,256.14
401,608.91459.421,149.4960,106.65
411,608.91450.81,158.1158,948.54
421,608.91442.111,166.857,781.74
431,608.91433.361,175.5556,606.19
441,608.91424.551,184.3655,421.83
451,608.91415.661,193.2554,228.58
461,608.91406.711,202.253,026.38
471,608.91397.71,211.2151,815.17
481,608.91388.611,220.350,594.87
491,608.91379.461,229.4549,365.42
501,608.91370.241,238.6748,126.75
511,608.91360.951,247.9646,878.79
521,608.91351.591,257.3245,621.47
531,608.91342.161,266.7544,354.72
541,608.91332.661,276.2543,078.47
551,608.91323.091,285.8241,792.65
561,608.91313.441,295.4740,497.18
571,608.91303.731,305.1839,192
581,608.91293.941,314.9737,877.03
591,608.91284.081,324.8336,552.2
601,608.91274.141,334.7735,217.43
611,608.91264.131,344.7833,872.65
621,608.91254.041,354.8732,517.78
631,608.91243.881,365.0331,152.75
641,608.91233.651,375.2629,777.49
651,608.91223.331,385.5828,391.91
661,608.91212.941,395.9726,995.94
671,608.91202.471,406.4425,589.5
681,608.91191.921,416.9924,172.51
691,608.91181.291,427.6222,744.89
701,608.91170.591,438.3221,306.57
711,608.91159.81,449.1119,857.46
721,608.91148.931,459.9818,397.48
731,608.91137.981,470.9316,926.55
741,608.91126.951,481.9615,444.59
751,608.91115.831,493.0813,951.51
761,608.91104.641,504.2712,447.24
771,608.9193.351,515.5610,931.68
781,608.9181.991,526.929,404.76
791,608.9170.541,538.377,866.39
801,608.91591,549.916,316.48
811,608.9147.371,561.544,754.94
821,608.9135.661,573.253,181.69
831,608.9123.861,585.051,596.64
841,608.6111.971,596.640
Yearly summarytable
yearinterestprincipalendingBalance
18,564.0210,742.989,257.1
27,556.2811,750.6477,506.46
36,453.9812,852.9464,653.52
45,248.2714,058.6550,594.87
53,929.4815,377.4435,217.43
62,486.9716,819.9518,397.48
7909.1418,397.480

Results are general information, not financial, tax, legal, medical or engineering advice.