Free calculator
Business Line of Credit Calculator
The cost of a line of credit draw depends on the amount drawn, the APR, the repayment period and any draw fee. For example, drawing $40,000 at 24% APR repaid over 12 months with a 2% draw fee costs about $5,400 in interest and fees (estimate).
Last updated October 23, 2026
Estimated results
- Monthly payment
- $3,782
- Total interest
- $5,389
- Draw fee
- $800
- Total cost
- $6,189
- Total paid
- $46,189
Estimates for education only — not an offer. Actual terms are set by providers.
Get real offers with these numbersHow to use this calculator
- Enter draw amount
- Enter APR and repayment months
- Enter draw fee
- Review cost
Method
We amortize the draw over the repayment period and add the draw fee as a percentage of the amount drawn.
Frequently asked questions
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Written by
BusinessFundingQuote Editorial Team
Small business finance writers
Reviewed by
Funding Review Desk
Reviewed for accuracy against current market practices
Rates and ranges on this page are typical market estimates for educational purposes, not offers. How we make money.