Business Loan Calculator United States — Tax Year 2025
Calculate monthly repayments and total cost for a business loan. For United States. Uses current Tax Year 2025 data.
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Amount you need to borrow for your business
Common questions — United States
What documents do I need for a business loan?
Typically: 2–3 years of business financial statements (P&L, balance sheet), ITR/tax returns, bank statements for 6–12 months, business registration documents, and your personal credit history.
What's the difference between a term loan and a line of credit?
A term loan gives you a lump sum upfront that you repay in fixed instalments — good for specific investments. A line of credit lets you borrow up to a limit and repay as needed — good for working capital fluctuations.
Can I deduct business loan interest on taxes?
Yes, in most countries interest paid on a business loan is a tax-deductible business expense, reducing your taxable business income. Consult your accountant for country-specific rules.
How does a business loan affect my personal credit?
If you signed a personal guarantee (common for small business loans), the loan shows on your personal credit report. A default can severely damage your personal credit score.
What's the DSCR (Debt Service Coverage Ratio)?
DSCR = Net Operating Income ÷ Total Debt Payments. Lenders typically want DSCR above 1.25, meaning your business earns 25% more than it needs to service the loan. Below 1.0 means your business can't cover the payments from income alone.