$1,000,000 Business Loan
Compare monthly payments across all loan types for a $1,000,000 business loan at current 2026 rates.
Monthly Payments for $1,000,000 Loan by Type
| Loan Type | Rate | Term | Monthly Payment | Total Interest | Total Cost | |
|---|---|---|---|---|---|---|
| SBA 7(a) Loan | 10.25% | 10 yrs | $13,354 | $602,468 | $1,602,468 | Details |
| SBA 504 Loan | 6.5% | 10 yrs | $11,355 | $362,576 | $1,362,576 | Details |
| Equipment Financing | 11.5% | 3 yrs | $32,976 | $187,136 | $1,187,136 | Details |
| Business Line of Credit | 17.5% | 1 yrs | $91,442 | $97,306 | $1,097,306 | Details |
| Merchant Cash Advance | 60% | 0.5 yrs | $197,017 | $182,105 | $1,182,105 | Details |
| Invoice Factoring | 24% | 0.25 yrs | $346,755 | $40,264 | $1,040,264 | Details |
| Commercial Real Estate Loan | 9.5% | 5 yrs | $21,002 | $260,112 | $1,260,112 | Details |
Can Your Business Afford a $1,000,000 Loan?
A $1,000,000 business loan is a significant investment that typically requires strong revenue, excellent credit, and substantial collateral.
At the average SBA 7(a) rate of 10.25%, monthly payments on a $1,000,000 loan over 10 years would be approximately $13,354. To comfortably afford this, your business should generate at least $106,831 in monthly revenue.
