Cavitation damage is a micro, high-speed, multi-phase complex phenomenon caused by the near-wall bubble group collapse. The current numerical simulation method of cavitation mainly focuses on the collapse impact of a single cavitation bubble. The large-scale simulation of the cavitation bubble group collapse is difficult to perform and has not been studied, to the best of our knowledge. In this study, the equivalent model of impact loading of acoustic bubble collapse micro-jets is proposed to study the cavitation erosion damage of materials. Based on the theory of the micro-jet and the water hammer effect of the liquid–solid impact, an equivalent model of impact loading of a single acoustic bubble collapse micro-jet is established under the principle of deformation equivalence. Since the acoustic bubbles can be considered uniformly distributed in a small enough area, an equivalent model of impact loading of multiple acoustic bubble collapse micro-jets in a micro-segment can be derived based on the equivalent results of impact loading of a single acoustic bubble collapse micro-jet. In fact, the equivalent methods of cavitation damage loading for single and multiple near-wall acoustic bubble collapse micro-jets are formed. The verification results show the law of cavitation deformation of concrete using equivalent loading is consistent with that of a micro-jet simulation, and the average relative errors and the mean square errors are insignificant. The equivalent method of impact loading proposed in this paper has high accuracy and can greatly improve the calculation efficiency, which provides technical support for numerical simulation of concrete cavitation.