Commercial Loan Basics

Calculates payment schedules for business loans using principal, rate, and term; may include balloon or interest-only periods.

Key Inputs

• Principal (loan amount)
• APR / interest rate
• Term and payment frequency

Example

$250,000 at 9% for 5 years → monthly payment ≈ $5,188 (standard amortization).

FAQs

Balloon clause?
Final lump-sum payment; lowers installments but increases risk.

Prepayment?
May reduce total interest; check penalties.