Repayment of a business loan requires that the borrower make a monthly payment back to the lender. That monthly amount includes a partial 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 time, the percentage of the amount that goes towards principal will increase as the outstanding loan balance decreases.
Loan Payment Business Calculator
This is just one of several free online calculators we offer about various business related financial scenarios. From business checking and savings accounts to business loans and services, Greater Nevada has your commercial banking needs covered. Click below to learn more about your options, or contact our Commercial Services team to get a no obligation conversation started.
Choose from a variety of business banking accounts including checking, savings, share certificates (CDs), and more.
Business Loans & Credit
Several different funding options for your business including SBA, USDA, business lines of credit, credit cards, and more.
We offer cash management, remote deposit, and merchant services, as well as benefits for your employees.
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Click the button below to reach out to our Commercial Services team, or start the process of opening your new business accounts online now.
This calculator is intended solely for general information and educational purposes. Greater Nevada Credit Union does not guarantee the accuracy of the calculations. The calculator is not intended in any way as financial, insurance, tax or legal information regarding your business’s financial situation.