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How do I get a small business loan?

Before applying for a small business loan, make sure you know how much financing you can afford. Bankrate’s business loan calculator can help you estimate what your loan will cost and how much you’ll pay each month. Just enter a loan amount, loan term and interest rate.

What is a business loan calculator?

The Business Loan Calculator calculates the payback amount and the total costs of a business loan. The calculator can also take the fees into account to determine the true annual percentage rate, or APR for the loan. The APR gives borrowers a more accurate assessment of a loan's actual cost.

What types of loans can a small business take out?

Such acquisitions may consist of machinery, equipment, land, or new buildings. Borrowers can also use the funds for debt financing. They may take out loans as large as $5 million for up to 10 years for working capital or 25 years for fixed assets. Microloan These loans are intended for new or growing small businesses.

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