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  • Calculate Your Monthly Business Loan Payment

    If you’re thinking about getting a new loan for your business, make sure you know exactly how much your monthly payment will be. This will help you make the best decision possible and not bite off more than you can chew.

    The monthly payment incorporates the principal amount of the loan and monthly interest on the balance specified in the lending terms. Consider paying more than the minimum to reduce overall interest paid, which should also factor into your decision.