Calculate payments for term loans, short-term business loans, business lines of credit, and equipment financing. View amortization schedules, compare factor rates, and analyze buyout options.
Loan inputs
Term Loan
$
%
$
Typically between 1.10 and 1.50. Total payback = Loan Amount × Factor Rate
%
Fee added to principal at draw
First payment: Weekly = next Wednesday, Monthly = 26th of month
Payment = Interest + Principal (based on schedule)
$
%
$
Expected useful life for FMV residual calculation
Loan summary
Monthly Payment
$0.00
Total principal
$0.00
Total Interest
$0.00
Total cost of loan
$0.00
Pay-off date
N/A
Interest savings
$0.00
Term Loan — Traditional amortizing loans used for real estate purchases and refinances, business acquisitions, equipment purchases, and personal loans. Payments include both principal and interest over a fixed term.