Dec 2016 | Small Business
By Posted by Experian

A business loan is often the most straightforward route to securing funding for your business. However, you should only take out a loan if you’re sure that you’ll be able to pay it back, along with any interest.

The initial size of the loan, the period of time you have available for repayment, and the interest rate you’re charged are all important factors in working out what you owe and when.

Business loan calculator

Amount to be borrowed (£)

Length of loan (months)

Interest rate (%)


Business loans are used by many companies to help them get the cash they need, but you will have to pay interest on whatever you borrow.

Month number Balance Principal Interest Monthly repayment