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.
Still deciding on the best business loan for you? Use our best small business loans guide to find the right fit.