Do you need extra capital for your small business? If you’re thinking of securing a business loan, you should know how much it’s really going to cost you.

Before taking out a new loan, understand how business loan rates and fees work.

商业贷款利率和费用

Unexpected expenses can lead tonegative cash flowand a drop in your company’s bottom line. You probably know that your loan amount is less than what you’ll end up paying back … but how much less?

以下是您可能面临的标准小型企业贷款率和费用。

Interest rate

When you take on small business loans, you are responsible for paying interest.What is interest？兴趣是您所欠的本金的一部分。本金指的是原始贷款金额以及您仍然欠多少贷款。

A business loan interest rate is determined by factors like credit score, how long you’ve had your business, loan repayment period, and loan amount. If lending to your business is risky, your interest rate will generally be higher.

那有两种类型的方法t interest rates are calculated: simple interest and compound interest.

Simple interest

Simple interest is a percentage calculated on the original amount of the loan.

To find your simple interest rate, multiply the principal by your interest rate. Then, you can multiply it by how many years it will take you to pay off the loan to determine the total amount of interest you will owe.

Use the simple interest formula to determine your total interest liability:

Simple Interest= Principal X Interest Rate X Number of Years

假设您以5％的年利率借入20,000美元的贷款。您的还款期是四年。

Simple Interest = $20,000 X 0.05 X 4

简单利息= $ 4,000

在四年的时间里，您将欠您的贷方4,000美元的利息。

Compound interest

与简单的利息不同，复合利息是根据本金和所获得的利息计算的。复合利益更为复杂。

To find compound interest, you must add together the principal and interest earned. Then, multiply that number by the interest rate.

Compound Interest= (Principal + Interest Earned) X Interest Rate

Pay attention to how frequently the interest compounds. For example, some interest rates are compounded monthly while others are compounded annually.

Origination fees

Interest rates aren’t the only additional amounts you need to be wary of when you take out a loan. Familiarize yourself with origination fees, too.

Origination fees are generally a percentage of the principal. Lenders charge origination fees to cover administrative costs.

The origination fee might include an application fee, or you might have a separate fee to cover application processing.

Underwriting fees

为了验证您的贷款申请，您的贷方可能需要雇用承销商。承销商审查了申请以检查准确性并确定借钱的风险。

Late and early payment fees

If one of your loan payments is late, your lender might charge a fee. If you want to pay off your loan earlier than your agreed payoff date, you may also have a fee.

您的总营业贷款利率不包括较晚和提早付款费，但您应该注意它们。

To prevent late payment fees, ensure you have enough funds to pay on time. And, set reminders so you don’t forget to make payments.

To avoid surprise early payment fees, determine if your lender charges penalties before you sign your loan agreement.

Total business loan cost: annual percentage rate

The annual percentage rate (APR) expresses your total loan amount. APR is a combination of your interest rate and other loan fees. If your lender compounds interest, keep in mind that APR does not take compounding into account.

Small business loan rates could be aslow as 4% or as high as 80%, depending on the type of loan you need.

假设您拿出一笔贷款，其费用为4％和2％。您的APR将为6％。

商业贷款替代方案

If you decide that business loan financing isn’t right for your business, you have other options.

Instead of seeking business loans, you can appeal to investors. Investments may come from eitherangel investors for small businessor venture capitalists. To secure investments, you need to have things like a business plan and anexit strategy.

根据您需要多少资金，信用卡可能是适当的融资选择。但是，由于利率通常高于业务贷款利率，因此不要依靠信用卡。

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This is not intended as legal advice; for more information, please点击这里。