Repaying A Business Loan
Repaying A Business Loan
Repayment of a business loan requires that the borrower make a monthly payment back to the lender. That monthly amount includes a partial repayment of the loan principal, plus monthly interest on the outstanding balance. Loan payments are amortized so that your monthly payment remains the same during the repayment period, but during that time, the percentage of the amount that goes towards principal will increase as the outstanding loan balance decreases.
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This calculator is being provided for educational purposes only. The results are estimates that are based on information you provided and may not reflect Premier Bank product terms. The information cannot be used by Premier Bank to determine a customer's eligibility for a specific product or service. All financial calculators are provided by the third-party Fintactix and are not associated, controlled by or under the control of Premier Bank, its affiliates or subsidiaries. Premier Bank is not responsible for the content, results, or the accuracy of information.