Taking out a loan for your small business? Congratulations! Getting a loan opens up all sorts of opportunities for business growth, making it an exciting financial milestone for many businesses.
Of course, that exciting milestone could become a shocking and disappointing one when you find out that your $100,000 loan will cost you $152,000 by the time you pay it back.
So before you borrow, use a loan calculator to figure out the actual cost of your small-business loan. It will save you from nasty sticker shock and help you find the right loan for your small business.