Business
Business Line of Credit Calculator
A line of credit is revolving, so the cost depends on what you draw and how long you take to repay it. Model a single draw or a repeating pattern of draws across the year.
Your estimate
Estimated monthly payment
$3,591.48
Unused available credit
$60,000
Utilization about 40%.
Interest on this draw
$3,098
Draw fee
$800
Total cost of this draw
$3,898
Interest plus fee.
Assumptions used here: interest applies only to the amount drawn, the draw amortizes over the repayment term you entered, and the draw fee is a one time percentage of the draw. Maintenance fees, unused line fees and daily interest accrual are not modeled.
This calculator is an educational estimator. Results are illustrations based only on the values you enter. Kennify is not a bank, lender or financial adviser, does not make financing decisions, and does not guarantee approval, rates, terms or eligibility. Financing, if available, is provided by independent third-party providers under their own criteria.
How this works
Unused available credit is your limit minus the amount currently drawn.
The draw is repaid as an amortizing balance over the repayment term you enter, so the payment and interest follow standard installment math.
A draw fee is applied as a percentage of the amount drawn and treated as an upfront cost. If you estimate several draws in a year, the tool multiplies the single draw cost to show an annual picture.
What your result means
Total cost of the draw is interest plus fees. On short repayment terms, the fee often outweighs the interest.
Repeated draws multiply the fee, which is why a revolving line used frequently can cost more per dollar than a single term advance.
Real lines vary. Some charge maintenance or unused line fees, some accrue interest daily on the outstanding balance, and terms reset each draw. Treat this as a structured estimate, not a quote.
Keep reading on Kennify
Business Line of Credit Calculator FAQ
Explore your financing options
When you have the numbers you need, you can review educational program pages on Kennify or begin a funding request through Kennify's financing partner.