Educational tool
Business Debt Comparison Tool
Enter your current business facilities and an illustrative new rate and term to see how the estimated monthly repayment and total amount repaid would compare. The tool is for understanding the trade-offs. It is not a quote, an offer or an indication of what any provider would approve.
Make a free enquiry
Tell us a little about your business and we will explain the options. No obligation, and enquiring does not involve a credit search.
Why the total matters as much as the monthly figure
A consolidation or refinancing proposal is usually presented in terms of the new monthly payment. That number matters, because it is what the business has to find each month. But the total repayable over the whole term is the true cost of the decision, and a longer term can push it up even when the rate is lower.
The tool shows both so that the trade-off is visible. If the monthly figure falls but the total rises, the question becomes whether the extra headroom each month is worth the additional cost. For a business that would otherwise miss payments, it may well be. For a business that simply wants to pay less interest, it may not.
Structures the tool cannot compare fairly
A merchant cash advance is repaid as a percentage of card takings with a fixed total cost rather than an interest rate, so it has no true monthly payment or term. An overdraft is repayable on demand and charges interest only on the amount used. Invoice finance charges a service fee plus a discount charge on funds advanced. Comparing these with a term loan on a like-for-like basis needs more information than a calculator can hold. Our page on merchant cash advance debt shows how to estimate the annualised cost of an advance for a rough comparison.
Ready to understand your business finance options?
Share a few details about your business and its existing borrowing. We will explain which options may be worth exploring and what to consider before you decide.