Below you will find the WiseLion Loan Calculator, courtesy of frograte.com.

This is a useful tool to compare business loans, calculate the loan term, monthly payment required for borrowing a certain amount, as well as future payment amounts should interest rates change.

To compare business loans, you can simply key in the rates of each loan you would like to compare and record the results side by side. Also, consider creating a table of results to better compare business loans.

Use this loan calculator tool to gain a better understanding of any loan agreement and furthermore, to safeguard against a rise in interest rates by ensuring the borrowing is within your means.