Calculate a Business Loan Payment

Whether you are expanding or in a financial crisis, it’s time to explore a loan for your business, but you need to understand what your monthly payment will be.

Your monthly payment will include loan principal, plus monthly interest on the outstanding loan balance. Loan payments are amortized so that your monthly payments remain the same during the repayment period, but during that period, the percentage of each payment that goes towards principal will increase as the outstanding loan balance decreases.