Business Finance
Business Line of Credit Calculator
Estimate the interest cost of drawing from a business line of credit.
Business Line of Credit Calculator
Adjust the figures to update your estimate.
- Payment
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- Total interest
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- Total repayment
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- Additional estimate
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How this calculator works
Enter realistic numbers for your situation. The calculator updates immediately to give you an estimate you can use for planning and comparing options.
Formula explained
Monthly interest = draw amount × annual rate ÷ 12.
Example calculation
A $20,000 draw at 12% costs about $200 in interest for one month.
Factors that affect your result
- Amount drawn and how long it remains outstanding
- Variable rates
- Draw, maintenance and origination fees
Frequently asked questions
Is the Business Line of Credit Calculator free to use?
Yes. This calculator is free, requires no sign-up, and gives an estimate instantly.
Are the results a loan offer?
No. Results are educational estimates. A lender's rates, fees, underwriting and payment terms may differ.
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