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.