Know the numbers.
Turn a loan amount, a rate, and a repayment period into a clearer picture of cost. Change the inputs. See the trade-offs.
Run the numbers.
Start with this illustrative example, then try another scenario. These are example inputs, not an offer or a market rate.
Estimated monthly payment
Displayed amounts are rounded. A lender’s final payment can differ because of rounding and contract terms.
Open the calculation assumptions
Equal payments at the end of each month. A fixed nominal annual rate divided by 12. No balloon balance, prepayments, variable rates, or other charges. The fee is deducted from proceeds on day one.
Total borrowing cost equals all scheduled payments minus the net cash received. This calculator does not calculate APR or determine affordability.
Read the fine print.
See the full picture.
Compare the actual cost
Look beyond a rate or a small payment. Compare the cash received and every repayment.
Understand a term loan
A planned investment needs a repayment schedule your business can carry.
Unlock capital for your business
Tell us what you need and work through your business loan application one step at a time.