This tool is made to be simple — no login, no credit check, no pressure.

Follow these quick steps:

1. Enter your equipment price

This can be the listed price, your auction bid limit, or a ballpark figure (e.g. $25,000).

2. Choose your loan term

Select how long you want to pay it off — usually between 12 to 60 months.

3. Add an estimated interest rate

If you’re not sure, use 9% as a starting point. Your actual rate may vary based on credit and equipment type.

4. Hit calculate

You’ll instantly see your estimated monthly payment and the total amount you’d pay over the term.

You can adjust the numbers any time to compare different loan lengths or equipment prices.

This calculator helps you estimate how much your equipment loan might cost — before you apply.

Here’s what it shows:

Estimated monthly payment

Based on your loan amount, term length, and interest rate.

Total repayment over the loan term

So you know how much you’ll pay in total — not just each month.

How term length and interest rate affect cash flow

You can see how changing the rate or loan duration increases or lowers your payment.

This tool is for planning purposes only. Your actual offer may vary depending on:

• Your credit and business history
• The equipment type and age
• Which lender you work with

Use this as a starting point to explore your options with confidence.

Not sure what numbers to use?Here are a few examples to help you get started.

Example 1: Construction Equipment

• Equipment Cost: $40,000
• Loan Term: 48 months
• Interest Rate: 9%
• Estimated Monthly Payment: ~$995.36
• Total Repayment: ~$47,777.28

Example 2: Used Truck from Auction

• Equipment Cost: $18,000
• Loan Term: 36 months
• Interest Rate: 11%
• Estimated Monthly Payment: ~$588.28
• Total Repayment: ~$21,178.08

Example 3: Restaurant Equipment Lease-to-Own

• Equipment Cost: $12,000
• Loan Term: 24 months
• Interest Rate: 10%
• Estimated Monthly Payment: ~$553.68
• Total Repayment: ~$13,288.32

You can try your own numbers using the calculator above.Just enter the amount, term, and estimated rate — and see how the payment fits your budget.

Not sure which loan is right for your business? We’re here to help — no hard credit check, no guesswork, and no complicated forms.

At Smart Business Credit, we offer:

• Financing for new, used, or auction equipment
• Pre-approvals with no impact on your credit score
• Fast funding for startups and established businesses
• Flexible terms tailored to your budget and goals

You don’t have to figure it out alone.

Whether you’re comparing options or ready to apply, we’ll walk you through it step-by-step.