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A Loan Is A Contract Between A Borrower & A Lender

A loan is a contract between a borrower and a lender in which the borrower receives an amount of money (principal) that they are obligated to pay back in the future. Most loans can be categorized into one of three categories:

Amortized Loan: Paying Back a Fixed Amount Periodically

Use this calculator for basic calculations of common loan types such as business term loans, SBA loans, commercial mortgages, or personal loans.

Feel free to use our Equipment Finance Calculator



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Period Payment Interest Balance

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