Compare structures
- Line of credit: borrow and repay as needed; interest only on what you use.
- Term loan: fixed amount, scheduled payments; good for defined projects.
- Equipment financing: the asset is the collateral; terms often match its useful life.
- Revenue-based or merchant cash advance: fast, but factor rates can mean a very high effective cost. Convert to an APR before accepting.
What a $100k loan payment looks like
At an illustrative 11% over 5 years, $100,000 is about $2,170 per month. Over 3 years it's about $3,270. Try your own numbers below.
Run the numbers
Use a rate you were quoted, or test a range. Not a quote.
10 years / 120 months
Estimated monthly payment
$1,293.98
Total interest
$55,277
Total repaid
$155,277
Fixed-rate, fully amortizing estimate. Excludes variable-rate changes, prepayment terms, guarantee fees and closing costs unless entered. Not an offer or approval.
Estimates only. Results vary. No guarantee of approval, rates or savings.
Talk with a financing specialistCommon questions
What helps a business qualify for working capital?
Lenders review cash flow, credit, operating history, current debt and use of funds. Collateral and guarantees depend on the product.
Should I choose a line of credit or a term loan?
A line can fit recurring collection or seasonal gaps; a term loan can fit a defined investment. Compare total cost and the repayment source.
How fast can I get working capital?
Some products fund in days, bank lines take weeks. Speed generally costs more.