West Central Small Business Development Center

sbdc@cord.edu   (218)299-3037

Loan Payment Calculator


Here's the link to the IRS Small Business and Self Employed Tax Center, a great landing page for small business owners

IRS Small Business and Self Employed Tax Center

Loan Payment Calculators


The loan calculator is to provide an estimate of individual and summary payments for possible business loans. It also provides a breakdown of loans and contributing equity. You may enter up to five (5) different loans and contributing equity. This calculator will not save versions; if you wish to keep a record of your versions, you must print each version. You must allow blocked content in some internet browsers to complete calculations.

Instructions
For each loan enter:
1. Loan descriptor or name
2. Total dollar amount of loan - Enter dollar amounts without commas
3. Annual interest rate - Enter interest rate as 7.5 for 7.5% annual rate
4. Loan period in years
Calculate each loan by clicking on the compute button. Payment information will be provided under the compute button for each individual loan. Each loan is calculated separately; click on each compute button for each loan.

If you are contributing any equity for your business, enter the following for each contribution:
1. Equity descriptor or name
2. Total funds or value - Enter dollar amounts without commas
The summary of all loans and payments will be provided at the bottom of the calculator. To compute, click on ‘Compute Loan Totals’ button. It will provide total loan payment based on the information entered.

To understand the total business investment, click on ‘Compute Capital Summary’ for a breakdown of loans and contributing equity.



Loan 1 (Type in desired description)
Enter Loan Information:
Amount of the loan $:
Annual percentage rate of interest %
Repayment period in years:
Payment Information:
Monthly payment $:
Total lifetime payments of loan $:
Total lifetime interest payments $:



Loan 2 (Type in desired description)
Enter Loan Information:
Amount of the loan $:
Annual percentage rate of interest %:
Repayment period in years:
Payment Information:
Monthly payment $:
Total lifetime payments of loan $:
Total lifetime interest payments $:



Loan 3 (Type in desired description)
Enter Loan Information:
Amount of the loan $:
Annual percentage rate of interest %:
Repayment period in years:
Payment Information:
Monthly payment $:
Total lifetime payments of loan $:
Total lifetime interest payments $:



Loan 4 (Type in desired description)
Enter Loan Information:
Amount of the loan $:
Annual percentage rate of interest %:
Repayment period in years:
Payment Information:
Monthly payment $:
Total lifetime payments of loan $:
Total lifetime interest payments $:



Loan 5 (Type in desired description)
Enter Loan Information:
Amount of the loan $:
Annual percentage rate of interest %:
Repayment period in years:
Payment Information:
Monthly payment $:
Total lifetime payments of loan $:
Total lifetime interest payments $:



Equity Contributions:

Equity 1 - Description of funds or asset: Funds/asset value $:
Equity 2 - Description of funds or asset: Funds/asset value $:
Equity 3 - Description of funds or asset: Funds/asset value $:
Equity 4 - Description of funds or asset: Funds/asset value $:
Equity 5 - Description of funds or asset: Funds/asset value $:
Total Equity $:



Summary

Total Loan Payment information:

Total loan capital $:
Total monthly payments for all loans $:
Total lifetime payment for all loans $:
Total lifetime interest payment for all loans $:


Percentage calcutions:

Total business capital $:
Total loan capital $:
Percentage of loans %
Total equity capital $:
Percentage of Equity %




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