Move the slider to explore repayments at different illustrative rates. Selecting a rate does not mean it is available to you. Actual rates and available finance depend on the finance provider’s assessment of your business and circumstances.
Estimated monthly repayment
per month · illustrative only
8% illustrative APR · £50,000 · 36 months
Teal: amount borrowed · Dark blue: estimated interest
Using this calculator does not perform a credit search.
Illustrative example only. Calculations use PBF’s selected illustrative rate assumptions and do not constitute a quotation, offer of finance, credit approval or indication that you will qualify for the rate shown. Actual rates, repayments, fees, terms and funding available depend on the finance provider’s assessment of your business and circumstances. Other fees may apply. Estimates assume equal monthly capital-and-interest repayments using the annual illustrative rate divided by 12 and exclude fees. Principal Business Finance Limited is a credit broker, not a lender. This page relates to UK Incorporated Businesses only.
Want to see what funding could actually be available?
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Tell us about your funding requirements
Your calculator selections automatically update your enquiry amount. Your illustrative APR, term and repayment summary are included with your submission. Please add your contact details and the purpose of your funding.
By submitting this form, you confirm that you have read our Privacy Notice and agree that Principal Business Finance may contact you regarding your funding enquiry. Submitting an enquiry is not an approval or guarantee of funding.
Business loans for UK businesses
Principal Business Finance Limited is a UK commercial finance broker helping businesses explore funding from a wide panel of finance providers. A business loan can help spread the cost of an investment, support working capital or fund the next stage of growth. The right funding structure depends on your business, the purpose of borrowing and the repayments it can sustain.
Our business loan calculator gives you an illustration before you make an enquiry. Compare borrowing amounts from £5,000 to £2,000,000, terms from 3 to 120 months and illustrative annual rates from 6% to 45%. These are calculator settings, not a statement that every amount, rate or term is available. Finance providers set their own eligibility criteria and terms.
How to use the business loan calculator
- Choose an illustrative APR using the rate slider.
- Enter the amount you want to borrow or adjust the amount slider.
- Select a repayment term using the months slider.
- Compare the estimated monthly repayment, total interest and total repayable.
To explore funding options, select “Check my funding options”. Your amount, term and illustration are copied into the enquiry form, so you can add your contact details and explain what the funding is for.
How are business loan repayments calculated?
This calculator models a capital-and-interest loan with equal monthly repayments. It divides the illustrative annual rate by 12 to obtain a monthly rate, then calculates the payment needed to repay the borrowing over the selected number of months.
For example, £50,000 over 36 months at an illustrative 8% annual rate produces an estimated monthly repayment of £1,567, total interest of £6,405 and total repayable of £56,405. Calculations use full precision before rounding for display and exclude fees.
Actual repayments may depend on the amount, term, interest rate, fees, trading history, business performance, credit profile and finance provider. A lender’s quotation may use different assumptions.
What can a business loan be used for?
Business loans may support working capital, stock purchases, equipment, vehicles, recruitment, marketing, expansion, refurbishment, technology, contract mobilisation, tax liabilities or refinancing existing borrowing. Availability depends on the finance provider’s criteria.
Tell us what your business needs and when it needs funding. Our team can explore suitable funding options, which may include products with different repayment structures from the loan model shown here.
Secured and unsecured business loans
A secured business loan uses an asset, such as property, as security. An unsecured business loan does not require a specific asset as security, although personal guarantees or other commitments may still be required.
The available amount, pricing and repayment term depend on the provider’s assessment. Where security or a personal guarantee is required, understand the obligations before entering an agreement.
New start and established business finance
Established businesses may have access to different providers, rates and funding structures because of their longer trading history. Finance may also be available to new starts and recently established businesses. A new start does not automatically have poor credit.
Depending on the circumstances, a provider may request accounts, bank statements, management information, forecasts or details of the directors. Selecting a rate in the calculator does not assess your creditworthiness or determine your eligibility.
Why Principal Business Finance?
We offer access to a wide panel of finance providers, a responsive approach to funding requirements, personal service and support from enquiry through to completion.
We take time to understand your business and what you want to achieve. Principal Business Finance Limited is a credit broker, not a lender. Learn more about Principal Business Finance or call our team on 01604 217 998.
Business loan calculator FAQs
Is this business loan calculator a quotation?
No. It provides an illustrative repayment estimate. It is not a finance quotation, offer, approval or guarantee that funding or the selected rate will be available.
Does using the calculator perform a credit search?
No credit search is performed simply by using this calculator. A finance provider may carry out checks as part of a subsequent funding application.
Does a longer business loan term reduce monthly repayments?
With the same borrowing amount and illustrative rate, a longer term reduces the monthly payment in this model but increases total interest. Compare the monthly commitment and total cost together.
Are fees included in the repayment estimate?
No. This model excludes fees. Arrangement fees, broker fees or other charges may apply to actual funding and can affect its overall cost.
Can I choose the business loan rate I receive?
The APR slider lets you compare illustrative scenarios. It does not set a rate offered by a finance provider. Actual pricing depends on the provider’s assessment of your business and circumstances.
How do I enquire about a business loan?
Select “Check my funding options”, complete your contact details and funding purpose, acknowledge the Privacy Notice and submit the enquiry form. Our team can then contact you to discuss your requirements. Submitting an enquiry does not mean funding has been approved.
Ready to explore your business funding options?