Føretagslånberegner

Sådan bruges denne lommeregner

1. Indtast Loan Amount (kr)
2. Indtast Annual Interest Rate (%)
3. Indtast Loan Term (months)
4. Klik på knappen Beregn
5. Læs resultatet vist under lommeregneren

Types of Business Loans and How to Choose

Business financing is far more varied than consumer lending. Understanding the main loan types helps you select the right product for your business situation. Term loans: Traditional installment loans with fixed payments over a set term (1–10 years). Best for specific capital investments—equipment, expansion, real estate. Rates range from 6–15% depending on creditworthiness and term. SBA loans: Backed by the US Small Business Administration, these offer below-market rates (currently 7–12%) and longer terms. The 7(a) loan is the most common; 504 loans are for major fixed assets. Application process is more extensive, requiring 2+ years in business and strong financials.

Business lines of credit: Like a business credit card—borrow and repay repeatedly up to a credit limit. Best for managing working capital fluctuations and cash flow gaps. Only pay interest on amounts drawn. Equipment financing: Equipment serves as collateral, enabling financing even with limited business history. Terms match equipment life. Merchant cash advance (MCA): Advance against future credit card sales, repaid as a percentage of daily revenue. Extremely expensive—factor rates of 1.2–1.5 (equivalent to 60–200% APR). Only appropriate for very short-term needs with no other options.

Qualifying for a Business Loan

Lenders evaluate business loan applications on multiple dimensions, often summarized as 'the 5 C's of credit': Character—credit history and business reputation. Personal credit score matters significantly for small business loans; most banks require 650+ minimum, SBA typically 680+. Capacity—ability to repay, measured by cash flow coverage ratio (Net Operating Income / Annual Debt Service). Lenders typically require 1.25x coverage—your business earns kr7.25 for every kr7.00 in debt payments. Capital—owner's equity stake and financial cushion. Lenders want to see owners with 'skin in the game.' Collateral—assets pledged to secure the loan. Business equipment, real estate, and receivables are common collateral. Conditions—economic environment, industry conditions, and loan purpose all factor into approval.

Alternative lenders (OnDeck, Kabbage, Fundbox) have lower qualification thresholds but higher rates (20–50% APR). They can fund within days versus weeks for traditional banks. For businesses with thin credit histories, this speed premium may be worthwhile for time-sensitive opportunities—but the cost of capital should always be weighed against the return on the use of funds.

Calculating the True Cost of Business Debt

Business loans are only worthwhile when the return on the borrowed capital exceeds the cost. If borrowing kr700,000 at 8% APR to buy equipment that generates kr140,000 in additional annual profit, your return on investment is 20%—well above the 8% cost of capital. If the equipment generates only kr49,000 in additional profit, the loan is loss-making on a risk-adjusted basis.

Always calculate the effective APR on any financing offer, including origination fees, closing costs, and prepayment penalties. A kr700,000 loan at '7% interest' with a kr21,000 origination fee has an effective APR above 7.3% over a 5-year term—the fee is essentially additional interest. Our calculator shows monthly payment, total paid, and total interest—use these figures to compute the true annualized cost.

For merchant cash advances and invoice factoring, lenders often quote 'factor rates' instead of APR—this obscures the true cost. Convert a factor rate to APR: if a kr70,000 advance requires repayment of kr91,000 over 6 months, the APR is approximately 60% (assuming even daily repayment). Understanding the true cost of capital is essential for any business borrowing decision.