Business Loan or Line of Credit Calculator

small business owner determining with he needs an SBA loan or a line of credit

Even the most prosperous business might find itself in need of a business loan or line of credit.

If you’re trying to decide which is best for your budget, a comparison could help you make the best choice. You can enter the amount you need to borrow, as well as prospective terms including interest rate and repayment schedule.


By entering the interest rate, loan term, closing costs and payoff schedule, you can quickly see compare and contrast a loan and line of credit. You may need a lower monthly payment or you may prefer to pay less in interest during the life of the loan. Does your startup need a flexible payment schedule? Or can you budget for a fixed amount each month?


Frequently Asked Questions

How much of a business loan do I qualify for?

The loan amount you qualify for depends on factors including credit history, ability to pay the loan back, and the financial soundness of the reason you want the loan. A local business banker can help you with your specific needs.

Do I qualify for a small business loan?

Getting a small business loan is easy if you’re prepared. To apply, you may be asked to provide credit history for your business; personal and business financial statements, including debt-to-income ratio; a detailed plan for how you’ll spend the funds; and cash flow projections.

What credit score is needed for an SBA loan?

An SBA loan offers more flexibility than a typical business loan. Since SouthState is an SBA Preferred Lender serving businesses in Georgia, North Carolina, South Carolina and Virginia, it’s recommended to find a local banker to assist you with your specific SBA loan.

Learn more about available business loans and business lines of credit from SouthState.

  • © Fintactix, LLC 2022
  • This calculator is an illustrative tool meant for educational purposes only. The default figures and examples shown are hypothetical and may not be applicable to your individual situation. Furthermore, these calculations may not reflect the terms available for any loan, investment or other financial product offered by SouthState Bank, N.A. (the “Bank”). The calculations do not infer that the Bank assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.
  • This content is general in nature and provided for informational use only. Content may be used in connection with the advertising and marketing of products and services offered by SouthState Bank, N.A. and its subsidiaries and affiliates. This is not to be considered legal, tax, accounting, financial or investment advice. You should seek individualized advice from personal financial, legal, tax and/or other professionals, as appropriate depending on the specific facts of your situation. We do not make any warranties as to the completeness or accuracy of this information and have no liability for your use of this information.

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