CALCULATE YOUR small business LOAN PAYMENTS
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.
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2 Estimated
3 Includes estimated CDC loan origination costs of:
SBA 504 loan limits are $5.0 million for regular projects.