If you are a small business owner, you know just how difficult it can be to try to receive financing from your local bank. In fact, there are many ways that indirect financing can be troublesome for small business owners, leading to costly monthly payments, and undue...
As a small business owner, you may find it rather challenging to receive funding for your business’ needs. Oftentimes, small business owners have a difficult time meeting the strenuous requirements set in place by banks to acquire the financing they need to streamline...
If you are a new business that is strapped for cash, there is a good chance that your lack of funding imposes certain limitations that can compromise your daily workflow. From unsuitable equipment to no equipment at all, there are many reasons why startup companies...
If you are considering opening a restaurant in your area for the first time, you may not know how much work must be completed up front before opening for business. From finding an ideal location that is suitable for your restaurant’s needs to furnishing your...
Whether you are brand new in business or have been around for many years, figuring out how to buy or upgrade the equipment to keep your business growing can present a significant challenge. In many cases, equipment leasing can provide the solution you’re been looking...
Loan Calculator Help...
Using the calculator is straight forward. User enters a "loan amount", "number of months",
"annual interest rate". The calculator calculates the number of monthly payments.
The "Payment Method" determines when the first payment is due. With the default selection,
"End-of-Period", the first payment will be due one month after the loan is made. If
"Start-of-Period" is selected, then the first payment will be due on the loan date.
The term (duration) of the loan is expressed as a number of months.
60 months = 5 years
120 months = 10 years
180 months = 15 years
240 months = 20 years
360 months = 30 years
Need more options including the ability to solve for other unknowns, change payment / compounding
frequency and the ability to print an amortization schedule? Please visit,
Currency and Date Conventions
All calculators will remember your choice. You may also
change it at any
"Save changes" will cause the calculator to reload. Your
edits will be