Three Factors That Determine Your Loan Payments

• Principal: The amount of money borrowed.
• Interest: An amount paid to a lender for the use of borrowed money.
• Time: The number of months or years chosen to repay loan.

Interest, a charge for borrowing money, is generally a percentage of the amount borrowed. When the money is paid back, the total amount owed will include both the principal (the money borrowed) and the annual interest rate.

² Estimated

³ Includes estimated CDC loan origination costs of:
SBA 504 loan limits are $5.0 million for regular projects.