Estimate your monthly payment and total interest on a business term loan, then compare fixed-rate offers from 50 lenders in one application.
A term loan has a fixed rate and a set payment over 1 to 10 years. This calculator estimates the monthly payment and total interest based on the amount, term, and your credit — so you can see the real cost before you borrow.
Stronger credit and shorter terms lower the total cost; longer terms lower the monthly payment. When you want real offers, one application compares 50 lenders in about 24 hours.
Six questions. No documents required to start. No effect on your credit score.
Review the 8–12 lenders matched to your profile and choose who to apply to. Your file goes only to the lenders you select.
We negotiate the best terms with each lender you selected and send you their real offers — side by side on APR, term, and payment.
One signature. Funds wire direct from the lender. Median: under 2 days end-to-end.
Monthly payment is a function of the principal, the interest rate, and the number of payments (amortization). This calculator runs that math for you and also shows total interest over the life of the loan.
It depends on your credit, revenue, and time in business. The calculator estimates a rate band by credit tier; the only way to see your real rate is to compare actual offers, which one application does in 24 hours.
No. The term loan calculator runs entirely in your browser — nothing is submitted and there is no credit check. When you are ready to compare real offers, EQ Funding pre-qualifies you with a soft pull that has no effect on your score; a hard inquiry only happens if you accept a specific lender's offer.
An estimate uses typical lender criteria and rate bands. Real offers are priced by individual lenders against your actual revenue, time in business, credit, and industry, so they can come in better or worse than the term loan calculator shows. The point of the estimate is to set expectations before you apply — the real numbers come from comparing actual offers.
Apply once. One 2-minute application puts your file in front of 50 lenders that compete to fund it, with real, side-by-side offers back in about 24 hours and no obligation to accept any of them. You only move forward if an offer actually works for you.
Completely free, with no signup. EQ Funding is also free to you if you apply — lenders pay a fee when your deal closes, never you.
Six questions. Two minutes. No effect on your credit score. Real offers from 50 lenders within 24 hours.