Business loan calculator
Repayments, total cost and the true annualised rate of any offer, whether it is quoted as an interest rate or a factor rate.
Estimated repayment
$1,036.84
per week · 52 repayments
- Total repaid
- $53,916
- Total interest
- $3,916
- Annualised rate
- 15.0%
60 seconds · No credit-score impact · No documents to start
Illustrative only. Not a quote, offer, approval or credit assessment. Lenders set the final rate, fees, term and repayments. Blackcube Capital is a commercial credit facilitator, not a lender.
Short answer
How to estimate business loan repayments
To estimate business loan repayments, enter the loan amount, the interest rate or factor rate from the offer, the term and how often repayments are made. The calculator shows each repayment, the total repaid, the total cost of borrowing and the annualised rate. Use the annualised rate to compare offers priced differently: a factor rate of 1.20 sounds like 20%, but repaid weekly over six months it works out at roughly 73% a year. Results are illustrative; lenders set the final rate, fees and repayments after assessing the business.
Interest rate vs factor rate
Most term loans charge interest on the balance as it reduces, so the cost falls as you repay. Many short-term loans and merchant cash advances instead quote a factor rate, which fixes the cost on the full amount from day one. Switch the calculator to factor rate to see what an offer like that really costs per year.
Our guide to business loan interest rates in Australia walks through a worked comparison, and the glossary explains factor rates, establishment fees and payout figures in plain English.
How to use the results
Check the repayment against your slowest weeks, not your busiest. A repayment that fits a strong month can squeeze cash flow in a quiet one. Then compare offers on total cost and annualised cost rather than the headline rate.
If one offer is cheaper but the repayments are too tight, a longer term, a different repayment frequency or a different product may fit better. See how unsecured business loans, business lines of credit and refinancing compare.
Frequently asked questions
How are business loan repayments calculated?
For an interest-rate loan, repayments use the standard amortisation formula: the rate is divided by the number of repayments a year and applied to the falling balance, so each repayment is the same amount. For a factor-rate offer, the amount is multiplied by the factor rate and the total is split evenly across the repayments.
What is the difference between a factor rate and an interest rate?
An interest rate is charged on the balance as it reduces. A factor rate fixes the total cost upfront on the full amount borrowed, even as you repay it. That is why a factor rate usually works out much higher once it is annualised, especially over short terms.
What does the annualised rate mean?
It is the yearly rate that matches the amount you borrow to the repayments you make. It puts loans with different terms and pricing methods, such as interest rates and factor rates, on a like-for-like basis. It is a comparison figure, not the lender's advertised rate.
Does the calculator include every cost?
No. It uses the interest rate or factor rate only. It does not include establishment fees, ongoing account fees, line fees, early repayment costs or late fees, so ask each lender for the total amount repayable and full fee schedule.
How much can my business borrow?
Blackcube Capital reviews requests from $10,000 to $500,000. The realistic amount depends on monthly revenue, time trading, existing debt and bank statement conduct. Starting an enquiry shows an indicative range in about 60 seconds without affecting your credit score.