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Business term-loan cost estimator

Pick a lender channel and see the payment, total repaid, and financing cost in dollars.

Lender channel
Funding amount$480,000
All-in APR9.5%
Estimated monthly payment$10,081 / mo
Estimated total repaid$604,854
Cost of financing$124,854
How this is estimatedApproximate

Estimate only. A partner's written offer controls.

Estimate details and sources

Actual amounts and terms are set by independent funding partners and depend on your credit, revenue, time in business, and lender channel. Your offer will differ. The ranges shown are industry market data from published sources as of Jul 2026, not OpenQuote pricing. Partner fees, if any, are itemized on the offer itself: ask for all of them in writing.

  1. OnDeck (Enova) transparency disclosure: average term-loan APR 56.4% on loans originated in the half-year ending June 30, 2025.
  2. Enova International Form 10-K (SEC EDGAR): average annualized yield on these small-business products 46% (FY2024) and 48% (FY2025), terms 3 to 24 months.
  3. KBRA-rated OnDeck ODAST 2023-1 collateral pool: weighted-average yield 44.4% on a 723 weighted-average FICO pool, 15-month weighted-average original term.
  4. Federal Reserve Bank of Kansas City Small Business Lending Survey: median new small-business term-loan pricing in the high-6 to low-7 percent range, Q4 2025.
  5. SBA 7(a) program (13 CFR 120.214): maximum spreads over prime that cap the bank channel near 9.75% to 14.75%; FY2025 average loan size $477,642.
  6. iBusiness Funding (formerly Funding Circle) live book: 22.45% to 50.24% APR, supporting the lower edge of the marketplace center.

Educational market data with full citations on file in substantiation/term-loan-pricing-2026-07.md. Not OpenQuote partner pricing, and not a quote.

Shorter terms raise the annualized cost of the same dollars. See the full explainer

A term loan spreads one amount across a fixed term. Change the lender channel, rate, or term to see the payment and total cost together. Nothing you enter here is collected.

How to read this estimate

The calculator amortizes the selected all-in APR over the term. A longer term usually lowers the payment but can increase total interest paid.

Advertised starting rates are floors for strong files, not typical prices. The channel ranges are general market data, not an OpenQuote quote.

This educational estimate cannot predict approval or partner pricing. Confirm every final number and fee in the partner's written agreement.

Learn how term loans are priced