Pre-filled with typical Construction figures: 20 employees, £38,000 average salary. Adjust the sliders for your actual numbers.
Business Loan Calculator
Calculate monthly repayments and total interest cost for a business loan. Compare different amounts, rates, and terms to find the right financing.
£5k£400,000£500k
2%8%25%
1yr5 years10yr
Monthly Repayment
£8,111
per month for 5 years at 8%
Total repaid£486,633
Total interest£86,633
Interest as % of loan21.7%
Daily Cost of Borrowing
£47 /day
Construction — Key Concerns
- Mix of employed and subcontracted labour complicates NI calculations
- CIS deductions add another layer of payroll complexity
- Business loan costs critical for project financing
Business Loan Calculator for Other Industries
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Funding Circle
Business loans from £10,000 to £500,000. Fixed rates, no early repayment fees. Decision in 24 hours.
Check Your Funding Circle Rate →Frequently Asked Questions
- What interest rates can I get on a business loan?
- Rates vary from 3-5% for established businesses with strong financials to 15-25% for startups or higher-risk borrowers. The Bank of England base rate (4.5%) influences all rates.
- Fixed or variable rate — which is better?
- Fixed rates give certainty on repayments. Variable rates are often lower initially but can increase with the base rate. In a high-rate environment, locking in a fixed rate may be wise.
- What security do lenders require?
- Most business loans over £25,000 require some form of security — personal guarantees, business assets, or property. Unsecured loans are available but at higher rates.