A business loan calculator is a great starting point to understanding the cost of your loan. Use our free loan calculator below to work out your average monthly interest payments and the total monthly repayment amount, as well as the total interest paid and the total cost of the loan.
Your loan details
This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.
Avg. monthly interest
Total cost of finance
Loan finance for business (or, more broadly, lending or ‘debt finance’) is a catch-all for any type of borrowing that you pay back, with interest and/or a fee. If your business needs to raise money (capital) you can either borrow from a lender (i.e. debt financing) or sell a share of ownership in your business in return for capital (equity financing). You can of course combine the two. The reason that people often use broader term ‘debt finance’ rather than ‘loan finance’ is because
some types of borrowing (e.g. operating leases or supplier finance) are not actually loans and don’t appear on your balance sheet. Whatever stage you are at in your growth story Swoop can match you to the right lending options, whether you’re looking for startup loans, working capital loans or even a loan to cover VAT costs. Your credit score isn’t impacted when you search for lending options with Swoop.
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