Use our business loan calculator below to find out how much you can borrow to help your business grow, adapt and rise.
Calculations are indicative only and intended as a guide only. The figures calculated are not a statement of the actual repayments that will be charged on any actual loan and do not constitute a loan offer.
Monthly payments
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Monthly interest
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Total interest
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Length of loan
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Total cost of loan
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See what a business loan could cost before you apply. Enter the amount you are considering, choose an interest rate and select a loan term to estimate your monthly repayments, total interest and total amount repayable.
The result is an illustration, not a quote and when you are ready to explore your options, Phoenix Commercial Finance will help you compare suitable funding from its lender panel.
This calculator provides illustrative estimates only. It assumes a fixed annual interest rate and equal monthly repayments on a standard capital-and-interest loan. It does not include arrangement fees, broker fees, lender charges, variable rates, balloon payments, payment holidays or other product-specific terms. Actual rates, repayments and eligibility will be determined by the lender following an assessment. The result is not financial advice, a quote or an approval or a loan offer.
Discuss your funding options whatsappA business loan can help you invest without using all the cash available in your business. The important question is not only how much you want to borrow, but whether the repayments are comfortable alongside wages, suppliers, tax and any of your other financial commitments.
Our business loan calculator gives you a quick way to test the numbers. Simply change the loan amount, interest rate or term to see how each choice could affect your monthly repayment and overall borrowing cost.
A longer term will usually reduce the monthly repayment but increase the total interest paid. A shorter term will usually cost less overall but require larger monthly repayments. The right balance depends on your cash flow and the terms a lender is prepared to offer for your purpose of funding.
The calculator estimates five figures:
This is a business loan repayment calculator rather than an eligibility assessment. Please bear in mind it cannot tell you how much a lender will approve or the interest rate your business will receive.
Start with the amount you believe the business needs. It is worth separating essential costs from optional spending so that you do not borrow more than the plan requires.
Use a rate from an existing quote if you have one. If not, use the example rate shown and try several alternatives. This will give you a more realistic view of how different offers could affect the cost.
Calculate the same amount over different terms. Look at both the monthly repayment and the total repayable; the option with the lowest monthly cost is not necessarily the cheapest overall.
Consider whether the estimated payment remains manageable during slower trading periods, not only during a strong month. Leave room for unexpected costs and changes in revenue.
If the figures look workable, tell us what you want the funding to achieve. We can review your requirements and approach suitable commercial lenders from our panel.
Discuss your funding optionsThe rate entered into a business borrowing calculator is only an assumption until a lender has assessed the application. Factors that can affect the rate and terms offered include:
Two businesses requesting the same amount may therefore receive different offers.
The calculator models a standard loan with a fixed annual interest rate and equal monthly repayments. A lender's actual offer may also include:
Always review the lender's full offer rather than comparing the headline interest rate alone.
Finding business funding is not simply a matter of locating the lowest advertised rate. The loan also needs to suit the purpose, repayment period and cash flow of the business, with the lender deciding on eligibility and terms.
Phoenix Commercial Finance is a commercial finance broker, not a lender. We take the time to understand what your business needs and identify suitable options from our trusted lender panel. From there, we will manage the application process through to completion and beyond.
We will explain any applicable broker or lender fees before you proceed.
It provides an estimate based on the amount and annual interest rate for the term entered. It assumes a standard capital-and-interest loan with equal monthly repayments. An actual lender offer may use a different repayment structure and include fees or other charges, so the result should be used for planning rather than treated as a quote.
Use the annual rate from a lender quote if you have one. If you are at an early research stage, use the example rate and calculate several higher and lower scenarios. The rate available to your business will depend on the lender's assessment and the circumstances of the application.
No. It estimates repayments on the loan amount you enter. The amount a lender may approve will depend on the business's turnover and profitability, its trading history and credit profile, any existing commitments, and the purpose of the funding.
No. Using the calculator does not involve a credit search and does not require personal or business credit information. A lender may conduct credit checks later if you choose to make an application.
No. The result estimates capital and interest only. It does not include arrangement fees or lender charges, legal costs or valuation fees, broker fees or early-repayment charges. Any applicable costs should be shown in the lender's offer and explained before you proceed.
Usually, spreading the same amount over a longer term reduces the monthly repayment. However, it will normally increase the total interest paid. Use the business lending calculator to compare the monthly figure and total repayable across different terms.
No. Phoenix Commercial Finance is a commercial finance broker. We work with a panel of lenders and can help identify options that may suit your business. All funding is subject to lender assessment and approval.
That depends on the lender and product. Some lenders allow early repayment without a charge, while others apply an early-settlement fee or calculate interest in a different way. Check the terms of the offer before accepting it if this is important to you.
Phoenix Commercial Finance Ltd is a commercial finance broker, not a lender. We introduce applicants to third-party lenders and do not make lending decisions. All applications are subject to the lender's assessment and approval. Commercial finance products may be unregulated. Applicants should review all documentation carefully and seek independent professional advice where appropriate.