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Page written by Ian Hawkins. Last reviewed on March 11, 2026. Next review due October 1, 2027.
This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.
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An amortization calculator is a powerful financial tool that can assist businesses in various ways by providing detailed insights into the repayment of loans. Here are several ways in which an amortization calculator can be beneficial:
Payment planning and budgeting: An amortization calculator helps you estimate the monthly payments required to repay a loan. Understanding the monthly payment amount allows for better budgeting and financial planning.
Visualization of loan repayment: The calculator generates an amortization schedule, which shows the gradual reduction of the principal amount and the declining interest payments over time. It outlines how much of each payment is allocated to the principal and how much is attributed to interest.
Comparison of loan options: Our calculator enables you to compare various loan scenarios by adjusting the different parameters. Furthermore, it provides the total interest paid over the life of the loan. This information is key to assess the overall cost of borrowing.
Financial decision support: The calculator empowers you to make informed financial decisions by providing a clear understanding of the long-term implications of a loan – assisting in evaluating whether a loan aligns with your financial goals and constraints.
Disclaimer: Swoop Funding LLC (“Swoop”) is a financial technology platform and commercial finance broker, not a lender. Swoop does not provide loans or make credit decisions. We match US-based firms with third-party lenders, equity funds, and grant agencies. All financing is subject to lender credit approval and the specific terms and conditions of the funding provider.
Broker Compensation Disclosure: Swoop provides its platform and matching services to applicants at no direct cost. We receive compensation in the form of a commission or referral fee from the finance providers in our network upon successful placement. This compensation may vary by provider and product. In certain instances, the commission paid to Swoop may influence the interest rate or terms offered by the lender, which can affect the total amount payable under your agreement.
Credit Authorization & FCRA Notice: By submitting an application or registering an account, you provide “written instructions” to Swoop under the Fair Credit Reporting Act (FCRA) to obtain your personal and/or business credit profile from consumer reporting agencies. This information is used solely to evaluate your eligibility for financing and to match you with appropriate lenders in our network.
State-Specific Disclosures:
Florida & Utah: Swoop complies with state commercial financing disclosure laws regarding the transparency of terms for non-real estate secured commercial transactions.
Entity Information: Swoop Funding LLC is a Delaware limited liability company. US Headquarters: 43 W 23rd St, New York, NY 10010, United States. Contact: hello@swoopfunding.com
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