Apply for financingCommercial loan calculator
This commercial loan calculator estimates a fixed monthly payment and the interest on it. Use it as a business loan calculator or a small business loan calculator for that payment shape. Dengaro arranges equipment financing, not commercial real estate mortgages or working-capital lines. The rate is an illustration.
Estimated monthly payment
$2,120/mo
Same equipment at other illustrative rates:
Estimates are for informational purposes only. Actual rates, terms and payments depend on lender approval and applicant qualifications.
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | $2,120 | $1,295 | $825 | $98,705 |
| 2 | $2,120 | $1,305 | $814 | $97,400 |
| 3 | $2,120 | $1,316 | $804 | $96,084 |
| 4 | $2,120 | $1,327 | $793 | $94,756 |
| 5 | $2,120 | $1,338 | $782 | $93,418 |
| 6 | $2,120 | $1,349 | $771 | $92,069 |
| 7 | $2,120 | $1,360 | $760 | $90,709 |
| 8 | $2,120 | $1,371 | $748 | $89,338 |
| 9 | $2,120 | $1,383 | $737 | $87,955 |
| 10 | $2,120 | $1,394 | $726 | $86,561 |
| 11 | $2,120 | $1,406 | $714 | $85,155 |
| 12 | $2,120 | $1,417 | $703 | $83,738 |
| 13 | $2,120 | $1,429 | $691 | $82,309 |
| 14 | $2,120 | $1,441 | $679 | $80,868 |
| 15 | $2,120 | $1,453 | $667 | $79,415 |
| 16 | $2,120 | $1,465 | $655 | $77,951 |
| 17 | $2,120 | $1,477 | $643 | $76,474 |
| 18 | $2,120 | $1,489 | $631 | $74,985 |
| 19 | $2,120 | $1,501 | $619 | $73,484 |
| 20 | $2,120 | $1,514 | $606 | $71,971 |
| 21 | $2,120 | $1,526 | $594 | $70,445 |
| 22 | $2,120 | $1,539 | $581 | $68,906 |
| 23 | $2,120 | $1,551 | $568 | $67,355 |
| 24 | $2,120 | $1,564 | $556 | $65,790 |
| 25 | $2,120 | $1,577 | $543 | $64,213 |
| 26 | $2,120 | $1,590 | $530 | $62,623 |
| 27 | $2,120 | $1,603 | $517 | $61,020 |
| 28 | $2,120 | $1,616 | $503 | $59,404 |
| 29 | $2,120 | $1,630 | $490 | $57,774 |
| 30 | $2,120 | $1,643 | $477 | $56,131 |
| 31 | $2,120 | $1,657 | $463 | $54,474 |
| 32 | $2,120 | $1,670 | $449 | $52,804 |
| 33 | $2,120 | $1,684 | $436 | $51,120 |
| 34 | $2,120 | $1,698 | $422 | $49,422 |
| 35 | $2,120 | $1,712 | $408 | $47,710 |
| 36 | $2,120 | $1,726 | $394 | $45,983 |
| 37 | $2,120 | $1,740 | $379 | $44,243 |
| 38 | $2,120 | $1,755 | $365 | $42,488 |
| 39 | $2,120 | $1,769 | $351 | $40,719 |
| 40 | $2,120 | $1,784 | $336 | $38,935 |
| 41 | $2,120 | $1,799 | $321 | $37,137 |
| 42 | $2,120 | $1,813 | $306 | $35,323 |
| 43 | $2,120 | $1,828 | $291 | $33,495 |
| 44 | $2,120 | $1,843 | $276 | $31,651 |
| 45 | $2,120 | $1,859 | $261 | $29,793 |
| 46 | $2,120 | $1,874 | $246 | $27,919 |
| 47 | $2,120 | $1,889 | $230 | $26,029 |
| 48 | $2,120 | $1,905 | $215 | $24,124 |
| 49 | $2,120 | $1,921 | $199 | $22,203 |
| 50 | $2,120 | $1,937 | $183 | $20,267 |
| 51 | $2,120 | $1,953 | $167 | $18,314 |
| 52 | $2,120 | $1,969 | $151 | $16,346 |
| 53 | $2,120 | $1,985 | $135 | $14,361 |
| 54 | $2,120 | $2,001 | $118 | $12,359 |
| 55 | $2,120 | $2,018 | $102 | $10,341 |
| 56 | $2,120 | $2,034 | $85 | $8,307 |
| 57 | $2,120 | $2,051 | $69 | $6,256 |
| 58 | $2,120 | $2,068 | $52 | $4,188 |
| 59 | $2,120 | $2,085 | $35 | $2,102 |
| 60 | $2,120 | $2,102 | $17 | $0 |
How it works
The math is the standard amortizing payment used on the amortization calculator. The amount financed is the loan amount minus the down payment. Interest each month is the remaining balance times the monthly rate. The comparison strip shows the same amount at other illustrative rates so you can see how sensitive the payment is. Nothing on the strip is a rate sheet. A business loan for inventory, payroll, or a building is a different product. If the purchase is a machine, the equipment type and the new or used condition travel with the application. Providers review the business, the owners, and the asset.
Formula
P is the amount financed. r is APR ÷ 1,200. n is the term in months. Total interest is the sum of the interest column. A small business loan calculator that quotes a factor rate or a line of credit is a different formula and is not this page.
Example
The loan amount, down payment, rate, and term are filled in so a payment appears immediately. Set the down payment to zero if the loan amount is the amount you want to borrow. Raise the term and the payment falls while total interest rises. That tradeoff is the useful part of a business loan calculator.
Tips
A payment that only works if you ignore maintenance, insurance, or a shortfall in revenue is not a payment the business can keep. Dengaro's range for an equipment request is $15,000 to $2 million. Amounts outside that may still illustrate here. The application is for equipment.
Equipment
Choose the equipment type, then continue. The amount and a short equipment description are added to the application link. Dengaro is a brand of Funding Routes LLC, a financing broker. The participating provider makes the credit decision.
Important questions
It calculates a fixed amortizing payment from an amount, a rate, and a term. Dengaro uses that illustration for equipment financing. It is not a quote for a mortgage, a credit card, or an SBA product.
The payment formula is the same. What matters is that the purchase is business equipment. Enter the equipment type so the application starts with the right description.
No. They are illustrative rates next to the rate you typed. Dengaro does not publish a rate and does not approve credit.
It lowers the monthly payment and usually increases total interest. Compare the total interest line, not only the payment, before you decide a term fits.
Financing built into the sale