Business Loan Calculator

Our commercial loan calculator is a simple tool that helps you estimate the cost of borrowing for your business. By entering a few details, including the loan amount, loan term, and the status of your credit profile, the calculator gives you an instant overview of what your monthly repayments could look like.

Our calculator doesn’t affect your credit score and is completely free to use. The results are only estimates, but they can give you an idea of what your borrowing could cost before you get quotes.

Using our calculator will not affect your credit score. It’s a free tool that gives you an estimate without running a credit check or leaving any mark on your credit report. You can use it as often as you like to explore different scenarios.You can even apply and compare funding options without impacting your credit score. We can compare our panel of lenders and match you with the most suitable finance option.

Our loan repayment calculator is designed to provide a helpful illustration of repayments based on the information you provide.It won’t give you precise figures, but it can provide a realistic range of potential repayments to help you make an informed decision. The final cost of a loan will be determined by the lender’s offer, including their interest rate and fees.To get a free, obligation quote that won’t affect your credit score, compare funding options with Aurora Capital today.

Before using the calculator, it’s important to think about how much funding you actually need. Start by considering the specific purpose of the loan, whether it’s to buy equipment, support growth, manage cash flow, or cover a short-term gap. 

Then, factor in all related costs such as VAT, delivery, or installation. It’s often better to borrow slightly more than you need to make sure you’re covered. However, try to keep the loan amount as low as possible to avoid paying more in interest than you need to.  

You can use our business loan repayment calculator to test different amounts to see how they affect your monthly costs. Keep in mind that lenders will assess your ability to repay, so your loan amount needs to be affordable.

Choosing the right loan term is about balancing affordability with total cost. A shorter term usually means higher monthly repayments but less interest overall. 

A longer term spreads repayments out and keeps costs manageable each month, but increases the total amount you’ll repay. 

Think about how quickly the loan will deliver value to your business. For example, a loan to buy equipment might be matched to the asset’s useful life, while a short-term cash flow loan may only be needed for a few months. 

Our calculator lets you test different terms so you can see how they affect repayments. It will show you an illustration of your monthly repayments and the potential total cost of the loan, so you can find a balance between the two.

A business loan calculator can be helpful when you're in the early stages of exploring finance and want a clearer idea of what your options might look like. It’s ideal if you’re:

• Comparing different loan terms to work out what fits your monthly budget
• Trying to understand the affordability of a larger investment
• Weighing up whether to borrow now or wait until cash flow improves
• Planning for a future purchase or seasonal expense
• Running through different scenarios before applying for a loan

A calculator helps you compare different borrowing amounts and repayment periods to help make an informed decision.It’s a useful tool if you’re not quite ready to get a quote but want to explore the possibilities on your own first.

The amount you can borrow with a merchant cash advance is based on your business’s average monthly credit card sales.

Lenders usually offer up to 150% of your monthly taking. For example, if your average card sales are £40,000, you could borrow up to £60,000.

Most lenders set an upper limit for how much they’re willing to lend, such as £500,000.

To understand the total cost of your business loan, you need to know how much you want to borrow, the interest rate that comes with the loan, and the loan term.

The higher the interest rate and the longer the term, the more you’ll pay in interest overall. To get an idea of how much a loan could potentially cost your business, use our business loan calculator.