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Business Loan Calculator
Calculate loan payments, total interest, and view amortization schedules for your business financing.
Loan Details
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Typical Canadian Business Loan Rates
- • Bank term loans: 6-10%
- • BDC loans: 7-12%
- • CSBFP loans: Prime + 3%
- • Alternative lenders: 10-30%+
Loan Summary
Monthly Payment
$1,013.82
Total Interest
$10,829
21.7% of principal
Total Cost
$60,829
60 payments
Total Cost Breakdown
Principal ($50,000)
Interest ($10,829)
Year-by-Year Breakdown
Year 1$8,472 principal + $3,694 interest
Year 2$9,175 principal + $2,991 interest
Year 3$9,937 principal + $2,229 interest
Year 4$10,761 principal + $1,404 interest
Year 5$11,655 principal + $511 interest
Need help managing business finances and cash flow? Book a free consultation
Types of Business Loans in Canada
Term Loans
Lump sum with fixed payments over set term. Best for major purchases, expansion.
Typical rates: 6-12%
Line of Credit
Revolving credit, pay interest only on what you use. Best for working capital.
Typical rates: Prime + 1-5%
Equipment Financing
Secured by equipment purchased. Best for vehicles, machinery, technology.
Typical rates: 5-15%
CSBFP (Government-backed)
Up to $1M for small businesses. Easier qualification, lower rates.
Max rate: Prime + 3%
Frequently Asked Questions
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