Loan calculator

When you’re looking for debt financing, there are many different types of lenders to turn to. While you don’t necessarily need to know the nuances of financing, it helps to know your specific needs so your lender can direct you accordingly. Our loan calculator will help you determine your estimated payments for different loan amounts, interest rates, and terms.

Unfortunately, this tool is not available in your region

Our Loan calculator is currently available for US residents only

Calculate payroll for your hourly employees with Wave.

What is a business loan?

A business loan is a loan specifically intended for business purposes. Companies may take out business loans to gain the financial assistance they need, at which point it becomes a debt they are obligated to repay according to the loan’s terms and conditions, which usually includes added interest.

Helpful tips

Keeping your documents in order will help make the loan application process much simpler and more painless. (Hint: Wave’s smart dashboard organizes your income, expenses, payments, and invoices.) Here are other helpful tips:

  • A good lender wants your business to succeed as much as you do. No matter what type of loan you’re interested in for your organization, be sure to keep a close, open dialogue with your lender so that they can give you the best advice.
  • Know and understand your credit score so that you can explain any shortfalls if you have them.
  • Avoid predatory loans such as payday loans, which are borrowed against your next paycheck.
  • Check out our other accounting tools that can help you manage your business finances.
  • You can keep track of your business cash flow by using Wave's free accounting software.

Frequently Asked Questions

Is your software actually free?

Yes! Our invoicing, accounting, and US-only banking software is 100% free—no trials, subscriptions, or hidden fees.

What’s the catch—how does Wave make money?

Wave makes money through our optional, paid money management products. Depending on your business needs, you can choose to pay for online payment processing, payroll, and 1:1 advisors. This allows our core software—invoicing, accounting, and business banking (currently only available to sole proprietors in the US)—to always be free.

Do I need to enter my credit card details to sign up?

Put your wallet away. You won’t need to enter a credit card unless you want to use our payroll service. Just create your account and get started for free.

Do I need to install any software?

Wave is 100% web-based, so you just need an Internet connection and browser. You can, however, download and install our mobile invoicing app for iOS and Android.

Is my data secure?

Completely. Our servers are protected physically and electronically. Any connection between you and Wave is protected by 256-bit SSL encryption. Wave is a PCI-DSS Level 1 Service Provider.

Do you provide customer support?

We provide different levels of support for customers who use different parts of Wave. Full details on how Wave support works are available here.

Manage your finances responsibly with free accounting software.

Powerful and 100% free accounting software that has everything you need to confidently run your business.