Short Term Loan Calculator

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How to Use Short Term Business Loan Calculator

Estimate Monthly Payment
Estimate How Much You May Qualify For
Terms and Explanation
How to Calculate Payments
How to Reduce Short Term Loan Cost

Estimate Monthly Payment

To make the best use of our short-term business loan calculator, you’ll need a few additional pieces of information. The calculator requires the following:

You will see estimated monthly payments, origination fee, and total repayment as outputs.

Estimate How Much You May Qualify For

You can also estimate how much you may qualify for if you take out a short-term business loan. Once you fill out your information, the calculator will give you a range of dollar figures within which you may be able to borrow. This will give you an idea of the types of expenses you may cover and whether or not you might need to seek additional financing elsewhere. The inputs for this calculator include:

Business Start Date

This is the month and year your business officially started operations.

Annual Revenue

This refers to the total amount of money your business makes during a 12-month period.

Last Month’s Deposits

Last month’s deposits show how much money you deposited into your business bank account in the previous month.

Estimated Credit Score

This is where you select your business’ estimated credit score.

Terms and Explanation

Here are the essential pieces of information you’ll need to enter and notice as outputs on our short-term loan calculator.

Amount Seeking

Here you enter the amount of money you’d like to borrow. Loan terms for short-term business loans vary, but typically start at $5,000 and may go as high as $750,000.

Loan Term

The term of your loan is how long you have to repay it. In general, short-term business loans come with repayment terms of 12 months or less.

Annual Rate

Annual rate refers to the yearly total price you’ll pay to borrow money. Keep in mind that short-term business loans usually have higher interest rates than longer-term loans.

Origination Fee

An origination fee is a fee lenders charge to process and approve your short-term business loan application. Origination fees are typically calculated as a percentage and range between 0.5% to 5% of the total loan amount.

Estimated Monthly Payment

Estimated monthly payment is the amount of money you’ll pay every month to repay your short-term business loan.

Total Repayment

Total repayment will give you a good idea of your overall cost of borrowing. It includes principal, interest, and fees. It assumes you will make each monthly payment as agreed (no more and no less) until the end of the loan.

How to Calculate Payments for Short Term Loans

Short term loans can help keep your business out of hot water with access to working capital when you need it. Our short term loan calculator accounts for the primary factors that influence payments—loan amount, interest rate, loan term, and collateral—to give you a sense of the monthly payments your business will owe.

1. Short Term Loan Amounts

Your short term loan amount will be determined by your business revenue, business history, credit score, and experience in your field, as well as how you plan to use the loan. You can finance as little as $2,500 or as much as $250,000.

2. Short Term Loan Interest Rates

Interest rates for short term loans average between 8% and 13% and are typically fixed. Fixed rates are awesome because they stay consistent throughout the life of the loan, so you always know exactly how much your payment will be. As with most interest rates, a solid credit score helps—the higher your score, the lower your interest rate will likely be.

3. Short Term Loan Terms

Short term loans have, you know, shorter terms in comparison to other loans. Most of them are one to five years and are backed by collateral, such as a vehicle, property, or another tangible asset. Putting up more collateral often helps you get a better deal on your loan.

3. Let’s Get Specific (About Your Rates and Terms)

Instead of spending a day googling rates that may or may not apply to you, take 15 minutes to find out the exact products and rates your business qualifies for. Our single application gives you access to 75+ lenders. That breaks down to an average of 12 seconds per lender. You won’t find a better investment for your time.

How to Reduce Short Term Loan Cost


Short-term business loans are calculated using the amount you’re seeking, loan term, interest rate, and fees, like origination fees. The larger your loan amount and higher your interest rate, the more you’ll pay for your loan.


Short-term loans are considered riskier for lenders because they must be repaid in a shorter time frame, and makes their interest rates higher. The higher rates ensure that lenders make money off their loans even if borrowers default on them.


To calculate the interest on a six-month loan, you’ll need the total loan amount, interest rate, and origination fee. For example, if you take out a six-month loan for $10,000 with a 10% interest rate and 2% origination fee, your total interest will be $293.68.

Many online lenders offer short term business loans with lenient qualification requirements. You may still get approved if you have fair credit or bad credit. Just be prepared to accept a higher interest rate.

Short term business loans usually range between $5,000 to $750,000. The amount you can get approved for will depend on factors like the lender you choose, your credit score, and your business financials. 

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