Business Debt Consolidation Calculator

Compare what you pay now across your business loans, advances, cards and ATO debt with one consolidation loan. See how much cash you'd free up each month, and what it costs in total.

1. Your current debts

Enter each debt you'd like to consolidate. The payout figure is the amount needed to close it today, including any early payout fee. Your lender can give you this.

Debt 1
Debt 2
Debt 3

2. Consolidation loan

Illustrative. Use the rate from your quote.

Added to the loan amount.

Now

Repayments a month
$17,317
Total left to repay
$120,400
Last debt cleared in
12 months

After consolidating

Repayments a month
$3,890
Total to repay
$140,025
Loan amount
$113,000

Cash freed up each month

$13,427

Extra cost over the full term

$19,625

Consolidating lowers your regular repayments, but the longer term means you'd repay more in total. That can still be worthwhile if the extra cash flow lets the business grow or stops repayments squeezing it.

Want real numbers? We work with 100+ non-bank, private and bank lenders and can get you consolidation quotes from the ones that suit your business.

Estimates only. The starting figures are an illustrative example. Results assume your current repayments stay the same until each debt is repaid, and that the new loan has a fixed interest rate, equal repayments and interest calculated on a reducing balance, with no fees other than those you enter. Daily repayments are treated as 5 a week. Results are not a quote, loan offer or approval, and do not constitute financial or tax advice. Finance is subject to lender credit criteria and assessment.

How to use the calculator

  1. List each debt you want to consolidate: short-term business loans, revenue-based or platform advances, overdrafts, business credit cards, equipment finance or an ATO payment plan.
  2. Enter the repayment, how often it's taken and how many repayments are left. Your statements or loan contract will show these.
  3. Enter each payout figure, the amount needed to close the debt today, including any early payout fee.
  4. Enter the new loan's rate, term and fees from your quote, and compare the results.

Reading the results

The calculator shows two numbers that matter, and they often point in different directions:

  • Cash freed up each month: how much lower your combined repayments would be. This is usually the main reason to consolidate, especially if you're juggling daily or weekly repayments.
  • Total cost over the full term: the difference between what you'd repay on the new loan and what's left to repay on your current debts. A longer term usually means paying more in total.

In the starting example, three debts with combined repayments of about $17,300 a month are replaced by one 36-month loan at about $3,900 a month. That frees up roughly $13,400 a month, but costs around $19,600 more in total, because the debts would otherwise have been repaid within a year. Whether that's worth it depends on what the extra cash flow does for your business.

Before you consolidate

  • Get written payout figures. Some lenders charge a share of the remaining interest, and fixed-fee advances often cost the same however early you repay.
  • Compare the total amount repayable, not just the repayment, on every quote.
  • Fix what caused the debts to build up, so new short-term debt doesn't stack up on top of the consolidation loan.
  • Check the security. Smaller consolidations can often be unsecured; larger ones usually need property. Our guide to secured vs unsecured loans explains the trade-offs.

Related guides and tools

FAQs

Business debt consolidation calculator questions

For each debt, it multiplies your repayment by the number of repayments left to work out what you'd still pay if you kept it, and converts daily, weekly and fortnightly repayments into a monthly figure. It then adds up the payout figures, plus any fees on the new loan, to get the consolidation loan amount, and works out the new loan's repayments and total cost using the standard reducing-balance formula.

A payout figure is the amount needed to close a debt in full today, including any interest owing and early payout or break fees. Ask each lender for a written payout figure. It's often lower than the total of your remaining repayments for an interest-bearing loan, but for a fixed-fee advance it's usually the same.

Consolidation usually spreads what you owe over a longer term to lower your regular repayments. A longer term means interest for longer, and the new loan may have establishment fees. That can still make sense if the cash freed up each month helps the business grow or stops repayments squeezing cash flow, but compare the total you'll repay before you decide.

Often, yes. Some lenders will pay out advances from providers such as Shopify Capital or Wayflyer as part of a consolidation loan. Many advances charge a fixed fee, so paying them out early may not reduce what you owe. Enter the remaining amount as both the payout figure and the total of your remaining repayments.

Yes. Enter your ATO balance from your integrated client account statement as the payout figure, and your payment plan instalment and number of instalments left as the repayment details. The ATO's general interest charge continues on a payment plan and isn't tax-deductible, so the true cost of keeping it may be higher than the calculator shows.

It includes the establishment and other upfront fees you enter for the new loan, added to the loan amount. It doesn't include ongoing account fees, valuation or legal costs on a secured loan, or early repayment fees on the new loan. Make sure your payout figures include any fees for closing your current debts.

No. The calculator is an estimate only. It doesn't collect your details or involve a credit check, and it isn't a loan application.

Splendid arranges business finance from $30,000, and generally works with businesses generating $20,000 or more a month in revenue. Larger consolidations usually need property as security.

Ready to simplify your repayments?

We work with 100+ non-bank, private and bank lenders and match you with the ones that pay out existing debt and suit your cash flow.

We'll call you within 1–2 business hours · or call 0468 060 969