Business Loan or Line of Credit? Calculator

When it comes to extra funding, businesses have two good options.

See which repayment plan works best for your business needs.

It's often a question of stable payments versus flexible terms. Businesses of all sorts need infusions of capital to meet growth goals, cover unexpected expenses and make purchases. While established businesses might prefer a lump sum with predictable payments, smaller companies and those with uncertain revenue streams may benefit from a line of credit's flexible terms. This calculator compares the two loan types, with the focus on monthly payments and total interest charges.

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Andrews Federal members received over $19 Million in direct member benefits through lower fees, lower loan rates and higher deposit yields.