Use our Consolidation loan calculator to calculate the expenses of numerous types of consolidation loans. For example, you can use our calculator as a:
- SBA loan calculator
- Term loan calculator
- Short term loan calculator
Sample of How to Utilize the Consolidation Loan Calculator
For example: Tom’s Bakery wants to consolidate a total of $250,000 in business debt.
- $100,000 cash advance @ $2,758 weekly payment
- $150,000 line of credit @ $3,201 weekly payment
- Total payments: $5,959
Plus he wants to take $50,000 of additional cash out.
Toms new loan amount would be $100,000 + $150,000 + $50,000 = $300,000
By entering Tom’s $300,000 Consolidated Amount, 8% interest rate and 2 year repayment term into the Consolidation loan calculator, we can see Tom would need to pay $3,151 /month for 2 years. This would cut Tom's payment in half easing the financial burden while also providing the much needed cash out to cover other business expenses.