A working capital loan is a terrific financing option for businesses that need cash to fund short-term operational needs.
Before applying for a working capital loan, utilize the Lendzero Working Capital loan calculator to see your monthly payments. Insert the information below:
Use our Working Capital loan calculator to calculate the expenses of numerous types of working capital loans. For example, you can use our calculator as a
All of the above calculators utilize the same inputs and amortization scheduled.
The Working Capital loan calculator will show you the weekly/monthly payment.
This is the exact amount you’ll need to repay each week/month in both interest and principal.
It should be straightforward to utilize our Working Capital loan calculator to compare all types of working capital debt. You’ll see a difference in loan amounts, interest rates and repayment terms.
To be clear, definitions are below.
Keep in mind your lender could charge you an origination fee upfront.
Lenders have different types of fees and there are many factors they consider when it comes to determining the size of their fee for each loan.
For example, some may require a fee be paid based on the length of the repayment term. Other lenders might charge one flat fee based on the interest rate. Finally, some might charge a fee based on a percent of the total loan amount.
In addition, if you default or miss a payment, there could be an additional fee.
Lastly, some lenders may charge a maintenance fee if you have a credit line that is inactive.