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A business loan provides necessary financing business owners can use for everyday operations, working capital, purchasing equipment or inventory and paying other debts. Business loans come with various annual percentage rates (APRs), loan amounts and terms, which together result in different sized monthly payments.
Comparing these rates and terms can be a lot to sort through, especially if it’s complex to crunch the numbers. Our straightforward business loan calculator can help you estimate your monthly payments and help you make smart business decisions.
How to Use This Business Loan Calculator
To use this business loan calculator, type in the amount you’ll need to borrow, the interest rate and the term (in months). Next, click…