Business Loan Calculator
Business loans are offered at 3-4% higher than mortgages. They tend to have shorter repayment periods between 5 to 10 years. It is also industry practice to secure these loans with some collateral or a down payment of at least 30%.
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The minimum downpayment is 30%.
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The minimum interest rate is 8% for business loans and they tend to top at 12%. They are 3-4% higher than mortgages.
Estimated Monthly Payments
These calculations are an example of a business loan and are approximate.