Commercial Loan Calcluator

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Use the commercial loan calcluator to the monthly payments for any commercial property. You can use this business loan calculator to calculate the payments for your business or investment properties.

Commercial Mortgage Calculator

Loan Amount
Loan Terms
years
Interest Rate
Balloon Payment Due
years
First Payment Date
Amortization Schedule
Show By Month Year

Commercial Loan Calculator Results

Monthly Principal:
$1,860.33
Monthly Interest:
$2,479.17
Monthly Payment:
$4,339.50
Balloon payment:
$176,056.71

Commercial Loan Amortization Schedule

Payment Date Payment # Interest Paid Principal Paid Total Payment Remaining Balance
Jul, 2024 1 $2,479.17 $1,860.33 $4,339.50 $348,139.67
Aug, 2024 2 $2,465.99 $1,873.51 $4,339.50 $346,266.16
Sep, 2024 3 $2,452.72 $1,886.78 $4,339.50 $344,379.38
Oct, 2024 4 $2,439.35 $1,900.15 $4,339.50 $342,479.23
Nov, 2024 5 $2,425.89 $1,913.60 $4,339.50 $340,565.63
Dec, 2024 6 $2,412.34 $1,927.16 $4,339.50 $338,638.47
Jan, 2025 7 $2,398.69 $1,940.81 $4,339.50 $336,697.66
Feb, 2025 8 $2,384.94 $1,954.56 $4,339.50 $334,743.10
Mar, 2025 9 $2,371.10 $1,968.40 $4,339.50 $332,774.70
Apr, 2025 10 $2,357.15 $1,982.34 $4,339.50 $330,792.35
May, 2025 11 $2,343.11 $1,996.39 $4,339.50 $328,795.97
Jun, 2025 12 $2,328.97 $2,010.53 $4,339.50 $326,785.44
Jul, 2025 13 $2,314.73 $2,024.77 $4,339.50 $324,760.67
Aug, 2025 14 $2,300.39 $2,039.11 $4,339.50 $322,721.56
Sep, 2025 15 $2,285.94 $2,053.55 $4,339.50 $320,668.00
Oct, 2025 16 $2,271.40 $2,068.10 $4,339.50 $318,599.90
Nov, 2025 17 $2,256.75 $2,082.75 $4,339.50 $316,517.15
Dec, 2025 18 $2,242.00 $2,097.50 $4,339.50 $314,419.65
Jan, 2026 19 $2,227.14 $2,112.36 $4,339.50 $312,307.29
Feb, 2026 20 $2,212.18 $2,127.32 $4,339.50 $310,179.97
Mar, 2026 21 $2,197.11 $2,142.39 $4,339.50 $308,037.58
Apr, 2026 22 $2,181.93 $2,157.57 $4,339.50 $305,880.01
May, 2026 23 $2,166.65 $2,172.85 $4,339.50 $303,707.16
Jun, 2026 24 $2,151.26 $2,188.24 $4,339.50 $301,518.92
Jul, 2026 25 $2,135.76 $2,203.74 $4,339.50 $299,315.18
Aug, 2026 26 $2,120.15 $2,219.35 $4,339.50 $297,095.83
Sep, 2026 27 $2,104.43 $2,235.07 $4,339.50 $294,860.76
Oct, 2026 28 $2,088.60 $2,250.90 $4,339.50 $292,609.86
Nov, 2026 29 $2,072.65 $2,266.85 $4,339.50 $290,343.01
Dec, 2026 30 $2,056.60 $2,282.90 $4,339.50 $288,060.11
Jan, 2027 31 $2,040.43 $2,299.07 $4,339.50 $285,761.04
Feb, 2027 32 $2,024.14 $2,315.36 $4,339.50 $283,445.68
Mar, 2027 33 $2,007.74 $2,331.76 $4,339.50 $281,113.92
Apr, 2027 34 $1,991.22 $2,348.28 $4,339.50 $278,765.65
May, 2027 35 $1,974.59 $2,364.91 $4,339.50 $276,400.74
Jun, 2027 36 $1,957.84 $2,381.66 $4,339.50 $274,019.08
Jul, 2027 37 $1,940.97 $2,398.53 $4,339.50 $271,620.55
Aug, 2027 38 $1,923.98 $2,415.52 $4,339.50 $269,205.03
Sep, 2027 39 $1,906.87 $2,432.63 $4,339.50 $266,772.40
Oct, 2027 40 $1,889.64 $2,449.86 $4,339.50 $264,322.53
Nov, 2027 41 $1,872.28 $2,467.21 $4,339.50 $261,855.32
Dec, 2027 42 $1,854.81 $2,484.69 $4,339.50 $259,370.63
Jan, 2028 43 $1,837.21 $2,502.29 $4,339.50 $256,868.34
Feb, 2028 44 $1,819.48 $2,520.02 $4,339.50 $254,348.32
Mar, 2028 45 $1,801.63 $2,537.87 $4,339.50 $251,810.46
Apr, 2028 46 $1,783.66 $2,555.84 $4,339.50 $249,254.62
May, 2028 47 $1,765.55 $2,573.95 $4,339.50 $246,680.67
Jun, 2028 48 $1,747.32 $2,592.18 $4,339.50 $244,088.49
Jul, 2028 49 $1,728.96 $2,610.54 $4,339.50 $241,477.95
Aug, 2028 50 $1,710.47 $2,629.03 $4,339.50 $238,848.92
Sep, 2028 51 $1,691.85 $2,647.65 $4,339.50 $236,201.27
Oct, 2028 52 $1,673.09 $2,666.41 $4,339.50 $233,534.86
Nov, 2028 53 $1,654.21 $2,685.29 $4,339.50 $230,849.57
Dec, 2028 54 $1,635.18 $2,704.31 $4,339.50 $228,145.26
Jan, 2029 55 $1,616.03 $2,723.47 $4,339.50 $225,421.79
Feb, 2029 56 $1,596.74 $2,742.76 $4,339.50 $222,679.02
Mar, 2029 57 $1,577.31 $2,762.19 $4,339.50 $219,916.84
Apr, 2029 58 $1,557.74 $2,781.75 $4,339.50 $217,135.08
May, 2029 59 $1,538.04 $2,801.46 $4,339.50 $214,333.62
Jun, 2029 60 $1,518.20 $2,821.30 $4,339.50 $211,512.32
Jul, 2029 61 $1,498.21 $2,841.29 $4,339.50 $208,671.03
Aug, 2029 62 $1,478.09 $2,861.41 $4,339.50 $205,809.62
Sep, 2029 63 $1,457.82 $2,881.68 $4,339.50 $202,927.94
Oct, 2029 64 $1,437.41 $2,902.09 $4,339.50 $200,025.85
Nov, 2029 65 $1,416.85 $2,922.65 $4,339.50 $197,103.20
Dec, 2029 66 $1,396.15 $2,943.35 $4,339.50 $194,159.84
Jan, 2030 67 $1,375.30 $2,964.20 $4,339.50 $191,195.64
Feb, 2030 68 $1,354.30 $2,985.20 $4,339.50 $188,210.45
Mar, 2030 69 $1,333.16 $3,006.34 $4,339.50 $185,204.11
Apr, 2030 70 $1,311.86 $3,027.64 $4,339.50 $182,176.47
May, 2030 71 $1,290.42 $3,049.08 $4,339.50 $179,127.39
Jun, 2030 72 $1,268.82 $3,070.68 $4,339.50 $176,056.71
Jul, 2030 73 $1,247.07 $3,092.43 $4,339.50 $172,964.28
Aug, 2030 74 $1,225.16 $3,114.34 $4,339.50 $169,849.94
Sep, 2030 75 $1,203.10 $3,136.40 $4,339.50 $166,713.54
Oct, 2030 76 $1,180.89 $3,158.61 $4,339.50 $163,554.93
Nov, 2030 77 $1,158.51 $3,180.98 $4,339.50 $160,373.95
Dec, 2030 78 $1,135.98 $3,203.52 $4,339.50 $157,170.43
Jan, 2031 79 $1,113.29 $3,226.21 $4,339.50 $153,944.22
Feb, 2031 80 $1,090.44 $3,249.06 $4,339.50 $150,695.16
Mar, 2031 81 $1,067.42 $3,272.08 $4,339.50 $147,423.09
Apr, 2031 82 $1,044.25 $3,295.25 $4,339.50 $144,127.83
May, 2031 83 $1,020.91 $3,318.59 $4,339.50 $140,809.24
Jun, 2031 84 $997.40 $3,342.10 $4,339.50 $137,467.14
Jul, 2031 85 $973.73 $3,365.77 $4,339.50 $134,101.37
Aug, 2031 86 $949.88 $3,389.61 $4,339.50 $130,711.75
Sep, 2031 87 $925.87 $3,413.62 $4,339.50 $127,298.13
Oct, 2031 88 $901.70 $3,437.80 $4,339.50 $123,860.32
Nov, 2031 89 $877.34 $3,462.16 $4,339.50 $120,398.17
Dec, 2031 90 $852.82 $3,486.68 $4,339.50 $116,911.49
Jan, 2032 91 $828.12 $3,511.38 $4,339.50 $113,400.11
Feb, 2032 92 $803.25 $3,536.25 $4,339.50 $109,863.87
Mar, 2032 93 $778.20 $3,561.30 $4,339.50 $106,302.57
Apr, 2032 94 $752.98 $3,586.52 $4,339.50 $102,716.05
May, 2032 95 $727.57 $3,611.93 $4,339.50 $99,104.12
Jun, 2032 96 $701.99 $3,637.51 $4,339.50 $95,466.61
Jul, 2032 97 $676.22 $3,663.28 $4,339.50 $91,803.33
Aug, 2032 98 $650.27 $3,689.23 $4,339.50 $88,114.11
Sep, 2032 99 $624.14 $3,715.36 $4,339.50 $84,398.75
Oct, 2032 100 $597.82 $3,741.67 $4,339.50 $80,657.07
Nov, 2032 101 $571.32 $3,768.18 $4,339.50 $76,888.90
Dec, 2032 102 $544.63 $3,794.87 $4,339.50 $73,094.03
Jan, 2033 103 $517.75 $3,821.75 $4,339.50 $69,272.28
Feb, 2033 104 $490.68 $3,848.82 $4,339.50 $65,423.46
Mar, 2033 105 $463.42 $3,876.08 $4,339.50 $61,547.37
Apr, 2033 106 $435.96 $3,903.54 $4,339.50 $57,643.83
May, 2033 107 $408.31 $3,931.19 $4,339.50 $53,712.65
Jun, 2033 108 $380.46 $3,959.03 $4,339.50 $49,753.61
Jul, 2033 109 $352.42 $3,987.08 $4,339.50 $45,766.53
Aug, 2033 110 $324.18 $4,015.32 $4,339.50 $41,751.21
Sep, 2033 111 $295.74 $4,043.76 $4,339.50 $37,707.45
Oct, 2033 112 $267.09 $4,072.40 $4,339.50 $33,635.05
Nov, 2033 113 $238.25 $4,101.25 $4,339.50 $29,533.80
Dec, 2033 114 $209.20 $4,130.30 $4,339.50 $25,403.50
Jan, 2034 115 $179.94 $4,159.56 $4,339.50 $21,243.94
Feb, 2034 116 $150.48 $4,189.02 $4,339.50 $17,054.92
Mar, 2034 117 $120.81 $4,218.69 $4,339.50 $12,836.22
Apr, 2034 118 $90.92 $4,248.58 $4,339.50 $8,587.65
May, 2034 119 $60.83 $4,278.67 $4,339.50 $4,308.98
Jun, 2034 120 $30.52 $4,308.98 $4,339.50 $0.00

What is a commercial loan?

A commercial loan is a loan that a business uses to fund major capital expenditures or to cover operational costs. The company then makes monthly payments to repay the loan.


How does a commercial loan work?

There are many different types of commercial loans, some are used to fund small businesses and others are to help real estate investors buy commercial properties. There are commercial loans with fixed and variable interest rates, and their terms are different. Commercial loans are often short-term loans and the borrowers are required to pay off the loan within a few years. Some commercial loans use balloon payment where the business makes interest-only payments during the initial period, once this period is over, the business is required to pay off the loan balance as a lump sum payment. Balloon payments are riskier than traditional installment payments because of the large one-time payment at the end. Therefore, lenders only approve commercial balloon loans to trusted businesses with good credit scores and strong financial backgrounds. A business must generate enough income or have positive cash flows to qualify for these balloon loans.


Types of Commercial Loans

There are many kinds of commercial loans, each serving a different need.


1. Business Line of Credit

A business line of credit is a type of commercial loan very similar to a credit card. A business is given a line of credit which is the maximum amount of money it can use. The business can then draw from the pool of money whenever it needs. The business will only need to pay interest on the amount it uses, not the maximum amount. When the business draws money from the business line of credit, the amount of money it can use decreases until the business pays off the balance.


2. Equipment Loan

For many businesses, buying and upgrading their equipment is a necessary part of doing business. However, the equipment may be too expensive for new businesses or drain up too much capital. That's when an equipment loan comes in handy. The company can get an equipment loan to purchase the equipment and repay the loan when the money rolls in.



3. Commercial Real Estate Loan

Real estate investors often use commercial real estate loans to fund the purchase of commercial properties. Borrowers use this type of loan to buy properties as an investment or as a business space. Some companies use commercial real estate loans to buy apartments and commercial builds to generate rental income.


4. Construction Loan

Construction loans are a type of real estate loan used to cover labor costs and materials in building construction. Construction loans are short-term loans ranging between 18 to 36 months. Once the construction is completed, the borrower can refinance the loan into a traditional mortgage or pay it off.


5. Hard Money Loan

A hard money loan is another type of real estate loan offered not by banks, but by private investors. Hard money loans are a popular choice among fix and flip property investors. Hard money loans are short-term loans with very high interest rates.


6. Bridge Loan

A bridge loan is a short-term real estate loan offered by banks. A bridge loan is similar to a hard money loan that real estate investors use for home improvements and construction. Bridget loan has a lower interest rate than a hard money loan, but it has a stricter credit score & down payment requirements.


7. SBA Loan

The U.S. Small Business Administration or SBA offers a few different types of loans for small businesses, SBA 7(a) loan, SBA 504 loan, SBA Express loans, and microloans. Each of these loans has its own standards, requirements, and usage. SBA loans are not offered by the SBA directly, the loans go through a local lender that offers SBA loans and is backed by the SBA.


How to get a commercial loan?

First, you need to know why you need a commercial loan and what you are going to use the loan for. Are you a small business looking to expand your business, a house flipper who needs money to purchase your next property, or a long-term real estate investor who is interested in buying properties to generate a rental income? Once you figure out what you need the loan for, you can then determine what type of loan you need. The next step would be to contact the banks or private investors and show them your plan and show them your financial background or bank statements. If you need a commercial loan from the bank, you will need a good credit score, a down payment, collateral, and financial statements to show that you or your business is in good financial standing. Provide the lenders with all the necessary documents they ask for and wait for the approval.


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