This restaurant loan payment calculator works out the monthly payment, total interest and total repaid from a loan amount, annual interest rate and term in months. Coralbrook Funding, a small-business funding broker in Bloomington, Indiana, provides it for Monroe County restaurant owners as illustrative arithmetic only, not an offer or an estimate of the terms a partner would set.
What to enter
- Loan amount: the amount to be financed, after any down payment.
- Interest rate: the yearly rate quoted to you, or one you want to stress-test.
- Term: the loan's length in months.
The calculator assumes equal monthly payments and returns three figures: the monthly payment, the total interest over the term, and the total repaid, which is the amount plus all interest.
A quick check that it works
Purely as an arithmetic test, enter $24,000 at a 0 percent rate over 24 months. The payment is $1,000 a month, the total interest is zero and the total repaid is $24,000. Add any interest at all and all three results climb. These numbers test the math; they are not an offer and not a typical figure.
What you finish by hand
- Down payment. Subtract it from the price before entering the amount; add it back to the total repaid to get the full cost.
- Fees. Origination or documentation fees taken at closing are not included. Add them to the total repaid.
- Weekly or daily payments. The calculator works monthly only. For a weekly schedule, ask the partner for the total of all payments and compare that figure.
- A lease. Multiply the lease payment by the number of payments and add any end-of-term purchase price, then compare with the loan's total repaid.
- A merchant cash advance. An advance is not a loan and has no interest rate; compare its total payback with the total repaid here.
Variable-rate offers will change over the term; test a higher rate to see how much room you have.
Why restaurant owners run these numbers
Monroe County, Indiana had 338 food services and drinking places with employees in 2023, and only 26.6 percent had fewer than five employees (U.S. Census Bureau, County Business Patterns 2023), so most kitchens carry real payrolls. A new payment has to fit beside wages and food costs in a slow week, not just an average one. Run the number at the term on offer and at a shorter one, then compare both with your weakest month of deposits.
Restaurant financing covers what kitchens usually finance, equipment financing explains loans versus leases, and working capital covers short gaps. More tools and guides are on the guides page.
This page does arithmetic for illustration; actual pricing is set by lending partners alone.
By Coralbrook Funding · Updated
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