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