Repayment of a business loan requires that the borrower make a monthly payment back to the lender. That monthly payment includes both repayment of the loan principal, plus monthly interest on the outstanding balance. Loan payments are amortized so that your monthly payment remains the same during the repayment period, but during that period, the percentage of the payment that goes towards principal will increase as the outstanding loan balance decreases.
Wellness category
Wellness category
Calculate a Business Loan Payment
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