Securing a loan for your business is a big milestone for any entrepreneur. It means you can get the equipment your need, hire trained staff, advertise, and begin making sales. However, it also means you have to keep up on payments, figure interest rates, and balance your regular finances in business and your private life so that you’re not caught short when it comes time for you to pay an installment on your loan. Luckily, some financial institutions have made some online loan calculator tools so that you can figure out how much you need to pay each month, including interest and fees.

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