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.
See which repayment plan works best for your business needs.
Andrews Federal Credit Union is a full-service financial institution with stateside locations in Washington, D.C., Maryland, Virginia and New Jersey, as well as overseas locations in the Netherlands, Belgium and Germany.