Calculator
Gas station business loan calculator
The business loan finances the business itself: 8% interest over a 10-year amortization, a personal guarantee, and no prepayment penalty. Enter an amount up to $5,000,000 to see the monthly payment, the total of all payments and the total interest.
Calculator
Your business loan payment.
Your business loan estimate
- Monthly payment
- Total of 120 payments
- Total interest
Estimate only. Not a loan offer or commitment. Rate, terms and approval depend on underwriting. Business-purpose commercial loans.
The terms
Business loan terms, in plain English.
What the calculator assumes
- Rate: 8%.
- Amortization: 10 years, 120 equal monthly payments.
- Prepayment penalty: none.
- Personal guarantee: required.
- Loan limit: up to $5,000,000 per borrower, business and property loans combined.
It does not include closing costs or fees.
The formula
Monthly payment = P × r ÷ (1 − (1 + r)−n), with r = 8% ÷ 12 and n = 120.
Example: a $1,000,000 business loan is $12,132.76 a month, and $455,931 in total interest over 10 years.
Buying or refinancing the real estate too? The property loan calculator prices the property loan (8%, 25 years), and the plan-both tool splits one total between the two. See the full gas station loan terms or refinance options.
FAQ
Business loan calculator questions.
What rate and term does the business loan use?
8% with a 10-year amortization, so 120 equal monthly payments. The calculator uses exactly those terms.
How is the monthly payment calculated?
With the standard amortization formula: payment = P × r ÷ (1 − (1 + r)−n), where P is the loan amount, r is 8% ÷ 12 and n is 120. For example, $1,000,000 comes to $12,132.76 a month.
Is there a prepayment penalty on the business loan?
No. You can pay the business loan down or off early with no prepayment penalty. (The property loan does have one in years 1 to 3.)
Why is the payment higher than on the property loan?
The same amount is repaid over 10 years instead of 25, so each payment repays more principal. You also pay much less interest in total.
What is the most I can borrow?
$5,000,000 per borrower, with the business loan and the property loan combined, across all your properties. The business loan is usually about one third of the total. Plan both loans together.
Is a personal guarantee required?
Yes, on both the business loan and the property loan.
Is this a loan offer?
No. It is an estimate. Rate, terms and approval depend on underwriting. These are business-purpose commercial loans.
Want real numbers on your station? Call Shawn.
Buying, refinancing or building, the first step is the same: a short call about the property, the numbers and your timeline.