Free Tools & Calculators
Run the numbers before you talk to a lender. All tools are free — no sign-up required.
Business Loan Eligibility Quiz
Answer 4 questions and get matched to your lending tier — from SBA banks down to asset-based lenders. Quizzes like this catch problems a simple calculator misses.
- ✓Identifies your lending tier instantly
- ✓Shows which products you qualify for
- ✓Includes optimization tips if you fall short
Which Lenders Will Fund You?
Answer 4 quick questions and we'll place your profile into the right lending tier — from SBA banks down to alternative financing.
4 questions · 60 seconds · No sign-up required
DSCR Audit Tool
Debt Service Coverage Ratio is the #1 metric lenders look at. Audit your DSCR with non-recurring kickouts and proposed new debt to see exactly where you stand.
- ✓Instant DSCR with adjustments
- ✓Non-recurring income kickouts (G/L on asset sale, etc.)
- ✓Additional proposed debt service
- ✓Color-coded lender thresholds
DSCR Calculator
Debt Service Coverage Ratio — lenders typically require 1.20–1.35x
e.g. G/L on asset sale, insurance proceeds, PPP forgiveness
Debt Service
New loan payments being underwritten
Acceptable
Most commercial lenders require a minimum DSCR of 1.20x. SBA loans often require 1.25x or higher.
For informational purposes only. Lender requirements vary.
Fixed Charge Coverage Ratio
Calculate your ability to cover all fixed financial obligations — including debt service, lease payments, and proposed new debt — from your operating income.
- ✓FCCR ratio with non-recurring kickouts
- ✓Proposed additional debt service
- ✓Lender threshold comparison
- ✓Industry-standard benchmarks
e.g. G/L on asset sale, insurance proceeds, PPP forgiveness
Fixed Charges
New loan payments being underwritten
Most lenders require FCCR ≥ 1.20x. Strong borrowers show 1.40x+.
Estimates only. Lender definitions of EBITDA and fixed charges vary.
Equipment Lease vs. Buy Calculator
Compare the true after-tax cost of leasing vs. financing equipment. Includes Section 179 deduction modeling so you can see the real numbers, not just the payment.
- ✓Side-by-side net cost comparison
- ✓Section 179 tax deduction savings
- ✓Adjustable tax bracket
- ✓Lease residual / buyout support
Equipment Lease vs. Buy
Compare true after-tax cost including Section 179 deductions
Loan (Buy)
Lease
Monthly payment
$1,503/mo
Monthly payment
$1,400/mo
Section 179 deduction assumes full equipment cost is deducted in year 1 (2024 limit: $1,160,000) and you have sufficient taxable income. Consult a tax professional for your specific situation.
Business Loan Application Checklist 2026
A complete list of every document needed for a $100K+ commercial loan. Check items off as you gather them and print when you're ready to apply.
Lender-Ready Document Checklist
For business loan applications of $100,000 or more — 2026
Business Financial Documents
Personal Financial Documents
Business & Legal Documents
Loan-Specific Documents
Owner / Principal Documents
Requirements vary by lender and loan type. SBA loans and larger requests may require additional documentation. This checklist covers standard requirements for most commercial term loans.
Business Debt Schedule Template
Lenders require a debt schedule with every application. Build yours here, see total annual debt service, and export to CSV — ready to attach to your loan package.
Business Debt Schedule
List all existing business debts — lenders require this with every loan package
| Creditor / Lender | Type | Balance | Mo. Payment | Rate % | Maturity | Collateral | |
|---|---|---|---|---|---|---|---|
| Totals | — | — | Annual | — | |||
Your data stays in this browser — nothing is sent or saved.
Loan Payment Calculator
Estimate your monthly payment based on loan amount, interest rate, and term length. Understand your total interest cost before you commit.
- ✓Monthly payment estimates
- ✓Total interest calculation
- ✓Adjustable term length
Loan Payment Calculator
Estimates only. Actual rates and payments vary by lender, creditworthiness, and loan structure.
Line of Credit Payoff Calculator
See how long it will take to pay off your line of credit and how much interest you'll pay based on your monthly payment amount.
- ✓Payoff timeline estimate
- ✓Total interest paid
- ✓Adjust payment to find your target date
Estimates only. Assumes no additional draws.
Balloon Payment Calculator
Calculate payments for loans with a large final balloon payment. Common in commercial real estate and short-term business financing.
- ✓Lower monthly payment estimate
- ✓Balloon amount at maturity
- ✓Adjustable amortization vs. balloon term
Estimates only. Actual terms set by lender.
Working Capital Calculator
Determine how much working capital your business has and whether lenders will see your liquidity position as strong.
- ✓Working capital amount
- ✓Current ratio analysis
- ✓Liquidity status vs. lender thresholds
Most lenders look for a current ratio ≥ 1.20x.
What is a good DSCR?
Most lenders require a minimum DSCR of 1.20x. A DSCR of 1.35x or higher puts you in a strong position for approval and better rates.
What is a good FCCR?
Fixed Charge Coverage Ratio measures your ability to cover all fixed obligations. Most lenders want ≥ 1.20x; strong borrowers often show 1.40x+.
What affects my interest rate?
Business credit score, personal credit, time in business, annual revenue, industry risk, and the loan product type all influence the rate you're offered.