Business Line of Credit Calculator Guide
Business Line of Credit
A revolving credit facility for businesses. Costs depend on APR, draw amount, utilization time, and fees.
Key Inputs
- Credit limit, draw amount
- APR and daily/ monthly interest
- Draw period and fees
Example
$20,000 drawn at 14% APR for 90 days → interest ≈ 20000 × 0.14 × 90/365 ≈ $690.
FAQs
Revolving nature?
Repaid principal becomes available again.
Fees?
May include draw fees and inactivity charges.