NORTHEASTERN PENNSYLVANIA ALLIANCE
BUSINESS FINANCE CORPORATION
The Business Finance Corporation SBA 504 program offers long term, market based, fixed rate, subordinate financing for fixed assets. The 504 Program provides 40% financing with a maximum loan of $5.5 million dollars. Eligible small businesses must have less than 500 employees and meet income and net worth thresholds. A wide variety of business sectors are eligible for loan consideration.
LOAN CALCULATOR
Using the calculator is straight forward. User enters a "loan amount", "number of months", "annual interest rate". The calculator calculates the number of monthly payments.
The "Payment Method" determines when the first payment is due. With the default selection, "End-of-Period", the first payment will be due one month after the loan is made. If "Start-of-Period" is selected, then the first payment will be due on the loan date.
The term (duration) of the loan is expressed as a number of months.
- 60 months = 5 years
- 120 months = 10 years
- 180 months = 15 years
- 240 months = 20 years
- 360 months = 30 years
Need more options including the ability to solve for other unknowns, change payment / compounding frequency and the ability to print an amortization schedule? Please visit, https://AccurateCalculators.com/loan-calculator
Currency and Date Conventions
All calculators will remember your choice. You may also change it at any time.
Clicking "Save changes" will cause the calculator to reload. Your edits will be lost.
Community Development Block Grant – CARES Act Funding
NEPA Alliance, through the Partnerships for Regional Economic Performance (PREP) serving Carbon, Lackawanna, Luzerne, Monroe, Pike, Schuylkill, and Wayne counties, will be providing grants of