Skip to main content
Find Your Local Branch
Back
Scroll to top

Commercial Loan Payment Calculator

Running A Business 3 min read

Ready to talk to an expert?

Find A Location Get In Touch

Are you interested in obtaining a commercial mortgage? A commercial loan calculator* can help determine your monthly payments. This is important because purchasing a location for your business is significant and requires a lot of preparation. Calculating your monthly mortgage payments before applying is one way you can ready yourself to take out a commercial loan.

Calculate Your Monthly Commercial Mortgage Payments

Repayment structures are different for commercial mortgages than residential mortgages. Commercial mortgages typically have two components: the amortization and the balloon payment. The amortization or the term of the loan calculates your monthly payment. The balloon payment becomes due after a specified period of time, requiring the borrower to pay that amount in full, refinance, or sell the property.

The commercial mortgage loan experts at First Bank are a great resource and can help you determine a monthly commercial mortgage payment (come by your local branch to speak with one today). You can also use our commercial loan calculator. This tool computes monthly principal and interest payments, and balloon repayments. All you have to do is enter information about your loan and click Calculate Your Results.

What you will need to know:

  • Loan amount – The total loan amount desired.
  • Interest rate – The percentage you pay for the use of an amount of money for a specified period of time. Individual loan interest rates depend on a number of factors such as current typical rates, location, and financial records. Interest rates will be either fixed or adjustable. Fixed rates will not change over the term of the loan, allowing for predictable payments. Adjustable interest rates can adjust either up or down at defined intervals according to a market index, which may increase or decrease your payments accordingly.
  • Term in number of years – The time limit within which the mortgage loan must be repaid. Commercial mortgage loans are offered in a variety of term lengths. Generally the longer the term, the smaller your minimum monthly payments will be.
  • Amortization term in number of years – The number of payments over which your loan payment is calculated. If this is longer than the term, this will result in a balloon payment for the final payment.

Click here to calculate your monthly commercial loan payment.

Once you have calculated how much your monthly commercial loan payments will be, you can make sure you are prepared to take on the financial responsibility of a commercial mortgage.

Getting a Commercial Mortgage

If you are a business in need of a commercial mortgage, or need assistance calculating your monthly commercial loan payment, visit your local First Bank.** We offer competitive pricing on a variety of commercial mortgage products, and our staff of commercial mortgage experts can talk with you about structuring a loan that meets your needs. All First Bank loans are subject to credit approval.

*Determining exact rates and payments can be a complex process. Your exact rates and payment amounts will depend on a number of factors including geographical location and personal financial information. This tool provides you with an estimate of payments based on the information you put in but does not guarantee them. Loans are subject to credit and collateral approval
**Member FDIC.

 

Ready to talk to an expert?

Find A Location Get In Touch
Share:

You may be interested in...

The Hagler's standing in front of farm equipment Business Spotlight: Hagler Farms Bryan Hagler tells the story of Hagler Farms in Laurinburg, North Carolina. 2 min read
Alarm clock What Keeps Small Business Owners Up at Night Owning a small business has a lot of perks, but it can also be very stressful. In this article we tackle the that might keep you tossing and turning, and then we show you what you can do to sleep like a baby instead. 3 min read
Credit Cards for Small Business – South Carolina First Bank is rooted in our dedication to small businesses and offering credit cards for your business is one way we can help. With fifteen locations in South Carolina, First Bank is there to back all of your small business needs. The First Bank Business World credit card provides a foundation for your small business in the form of financial boosting, security protection and more. Perks of a Credit Card for Your Small Business Small business owners work hard and it is First Bank’s commitment to work hard for them. Our credit card for small business has no annual fee and comes complete with a full slate of additional perks. Card Benefits. Earn points for every dollar spent on qualified purchases and watch your rewards grow with the free One Rewards program. Use our rewards calculator to watch your travel, entertainment and retail benefits rack up. Security Benefits. Your small business can enjoy peace of mind with zero liability for unauthorized purchases, protection from employee misuse of the card and from fraudulent online use. First Bank keeps an eye on your small business with 24-hour help for lost or stolen credit cards and emergency card replacement or cash advances. Convenience Benefits. As long as you pay your balance in full and on time you’ll be rewarded with a 26-day no-interest grace period for purchases you’ve made. At the end of every year we’ll prepare a detailed summary of your account to help you identify areas of potential savings and make tax preparations a snap. Shopping Benefits. Using your First Bank credit card for small business purchases can double the manufacturer’s existing warranty or initiate a 90-day warranty if one is not already in place. Travel Benefits. First Bank hits the road with you to provide reimbursement for; damage to or theft of a rental car, trusted medical and legal referrals in foreign countries and recovery of Value Added Taxes (VAT) incurred on foreign business. Contact a First Bank Specialist Today Watch your business grow with First Bank’s credit card for small business. Contact a First Bank specialist today to discuss credit card options for your small business. ———- Sources: Investopedia: http://www.investopedia.com/terms/z/zero-liability-policy.asp Investopedia: http://www.investopedia.com/terms/v/valueaddedtax.asp 2 min read
Commercial Loan Payment Calculator Are you interested in obtaining a commercial mortgage? A commercial loan calculator* can help determine your monthly payments. This is important because purchasing a location for your business is significant and requires a lot of preparation. Calculating your monthly mortgage payments before applying is one way you can ready yourself to take out a commercial loan. Calculate Your Monthly Commercial Mortgage Payments Repayment structures are different for commercial mortgages than residential mortgages. Commercial mortgages typically have two components: the amortization and the balloon payment. The amortization or the term of the loan calculates your monthly payment. The balloon payment becomes due after a specified period of time, requiring the borrower to pay that amount in full, refinance, or sell the property. The commercial mortgage loan experts at First Bank are a great resource and can help you determine a monthly commercial mortgage payment (come by your local branch to speak with one today). You can also use our commercial loan calculator. This tool computes monthly principal and interest payments, and balloon repayments. All you have to do is enter information about your loan and click Calculate Your Results. What you will need to know: Loan amount – The total loan amount desired. Interest rate – The percentage you pay for the use of an amount of money for a specified period of time. Individual loan interest rates depend on a number of factors such as current typical rates, location, and financial records. Interest rates will be either fixed or adjustable. Fixed rates will not change over the term of the loan, allowing for predictable payments. Adjustable interest rates can adjust either up or down at defined intervals according to a market index, which may increase or decrease your payments accordingly. Term in number of years – The time limit within which the mortgage loan must be repaid. Commercial mortgage loans are offered in a variety of term lengths. Generally the longer the term, the smaller your minimum monthly payments will be. Amortization term in number of years – The number of payments over which your loan payment is calculated. If this is longer than the term, this will result in a balloon payment for the final payment. Click here to 3 min read
First Bank logo
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website are the most popular and useful.