Business Loan Calculator
Use our free business loan calculator to work out the costs of borrowing money for your business.
Our simple to use calculator allows you to understand your costs with no need to give away your personal information.
Alternatively, if you’d like a detailed quote, fill out the form above for a free, personalised quote from a business finance expert.
How do I use the business loan calculator?
Our business loan calculator is designed to make the process of calculating your expected repayments simple. Follow these three simple steps to learn more about options available to you today.
- Input your loan amount, interest rate and the expected term of the loan.
- Press the big orange button!
- Our calculator will then show you the monthly cost of such a loan.
Interest rates
Interest rates start at 6.9% for the lowest risk applications. When calculating your loan repayments, an interest rate of 8-12% is usually realistic.
For a company whose credit history is poorer, or have a history of previously bounced payments, a rate of 12-18% can be expected.
The business loan rates charged on each loan depend on several factors including the loan size, term, type of loan, credit history and financial performance.
Term
When calculating the monthly repayments on an unsecured business loan, a term of 1-5 years is realistic. This term length is common and therefore any agreement between these two figures is realistic, as long as the monthly cost is affordable.
For secured loans, terms of up to 20 years are possible, so calculate the cost based on affordable monthly repayments up to this figure.
It’s important to note that extending the loan term will reduce your monthly repayments but will increase the total cost of borrowing (as you’re paying interest for longer).
Aim to strike a balance between monthly cost and total cost of borrowing.
Speed of completion
Unsecured business loans are usually able to complete in around 3 days to 1 week. Secured business loans usually take a little longer and the funds can generally be released in around 2-3 weeks.
Our team of advisors and processing staff work closely together to ensure your application is always completed quickly. As a result, we can ensure no time is lost between application and completion to allow your funds to be drawn down as quickly as possible.
At ABC Finance, we have access to other business borrowing products that allow funds to be drawn down on within a few days. If you require funds urgently, speak to an adviser and we will start work immediately on your application.
Key features
We offer business loans on the following basis:-
- Loans from £10,000-£500,000
- Rates from 6.9%
- Loans for UK Ltd Companies and LLPs
- Loans for sole traders £25,001-£500,000
The next steps
Our job is to ensure you secure the lowest possible rate and we’re here to help. If you have any questions or want help in selecting your product, enquire online or call us on 01922 620008 now.
We’ll talk you through all your options and let you know exactly what your costs will be.
Alternatively, read on below for information on what should be input into the business loan calculator above for the most accurate results.
