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Uses the same amortizing payment formula as personal loans: PMT = PV × r / (1 − (1+r)^−n). Business loans may have origination fees (1–5%), prepayment penalties, or balloon structures not captured here. SBA 7(a) loans cap at prime + 2.75% for terms over 7 years. Factor in the opportunity cost of collateral and personal guarantees.
Fixed-rate amortizing loan; payment due at the end of each month. Does not include fees, insurance, or taxes. For planning only.