Business Loan Calculator

Our Business Loan Calculator is designed to help businesses in Goodyear, AZ, determine the payback amount and overall costs of a business loan. This tool also considers fees to provide the true annual percentage rate (APR), giving a clearer picture of the loan’s actual cost.

Loan Calculator

Loan amount Interest rate (%) Compound Loan term (years) Loan term (months) Pay back Origination fee (%) Documentation fee ($) Other fees ($)

Result

Payback every	$0.00
Total of loan payments	$0.00
Interest	$0.00
Interest + fee	$0.00
Real rate (APR)	0.00%

Show Amortization Schedule

Business Loans Overview

Business loans are essential for financing various business needs. These loans require repayment of both the principal and interest, usually through monthly payments, though some may have weekly, daily, or interest-only payment options. Repayment terms can vary, with some loans requiring full repayment upon maturity.

Loan Options

Conventional Loans

Conventional business loans from banks and financial institutions do not have SBA guarantees, often resulting in higher rates and shorter terms. These loans include options like mezzanine financing, asset-based financing, and business cash advances.

Personal Loans

In some cases, business owners may use personal loans to fund business needs, especially new businesses lacking a financial history. These loans can sometimes offer lower interest rates and faster approval processes.

Business Loan Fees

Business loans typically come with various fees beyond interest. Common fees include:

Origination Fee: A charge for processing and approving the loan application, usually between 1% and 6% of the loan amount.
Documentation Fee: Covers the cost of processing loan paperwork.

Additional fees may include application fees, monthly administrative fees, annual fees, service or processing fees, prepayment penalties, referral fees, late payment fees, and wire transfer fees.

Using Our Business Loan Calculator

Our calculator accounts for these fees to compute the actual cost of a loan, helping businesses in Goodyear, AZ, understand the full implications of taking out a loan.

Calculator