How to Calculate Your Line of Credit?

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How to Calculate Your Line of Credit?

A line of credit is an excellent financial product for businesses that want access to cash to spend as they need it. You draw down the money your company needs while only paying interest on the capital you’ve drawn. 

Before applying for a line of credit, utilize the Lendzero Line of Credit calculator to see your monthly payments.

Insert the information below:

  • Requested debt amount: You may borrow as much as $20M.
  • Interest rate: Rates for lines of credit provided by Lendzero’s partners begin at 3.99%.
  • Repayment term: Lines of credit have a wide range of repayment terms. The range can vary from four weeks to 720 weeks.

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