Business
Business Loan
Payment, interest, and cost for a term loan.
Inputs
$
Closing costs & fees
Total: $5,501.00
$
$
$
Results — Working capital
Monthly payment
$3,234.94
Total interest
$138,192.64
Net funded to business
$242,000.00
Loan amount − closing costs
Total closing costs
$8,000.00
Approximate APR
5.85%
Interest + fees, annualized
Annual debt service
$38,819.27
Reverse solve — implied rate from payment
Enter a competing lender's monthly payment (same principal & term) to see the interest rate it implies.
Implied APR
9.500%
+0.000% vs. current
Total interest at that payment
$138,192.80
120 payments × $3,234.94
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