Business Loan Calculator
Calculate your business loan payments, analyze different loan scenarios, and understand the total cost of borrowing. This tool helps you make informed decisions about business financing.
How to Use
- Enter the loan amount and annual interest rate
- Select the loan term and payment frequency
- Choose the loan type (amortizing, interest-only, or balloon payment)
- Add any additional costs (origination fee, closing costs)
- Click Calculate to view the payment schedule and analysis
Understanding the Results
- Payment Schedule: Detailed breakdown of each payment, including principal and interest components
- Total Cost: Total amount paid over the life of the loan, including fees
- Effective Interest Rate: Actual cost of borrowing including all fees
- Amortization Chart: Visual representation of principal and interest payments over time