Our Business Loan Calculator helps you calculate the cost of a Camino Financial Business Loan. It will provide you with your monthly payment amount and the cost of your loan. We want to be 100% transparent with you on the terms and cost.
Our Business Loan Calculator is so easy to use, simply enter the following info:
Once you have selected these fields, click Calculate. Review the Loan Terms, Cost of the Loan and Monthly Payments. If you would like to run a new calculation, click Reset Calculator.
Once you calculate your Monthly Payment with the Business Loan Calculator, make sure it does not exceed 80% of your monthly personal and business income net of existing debt payments. For example, if your household income after rent and credit payments is $1,000 per month, youcan afford a loan with a Monthly Payment of $800.
Also, ensure the Cost of the Loan does not exceed the expected benefit from your investment. For instance, if you plan to buy inventory with the loan and make $2,000 in gross profit within 12 months, you should take the loan as long as you can afford the Monthly Payment and the Cost of the Loan is below $2,000.
Our online application is free and it will not affect your credit score. Click here to see if you qualify and get pre-qualified within 24 hours.