I am interested in borrowing money for working capital. I need $22,000 and am wondering how much the payments would be per month on a five year note.
The easiest answer is to call your prospective lenders. Different lenders may charge you certain fees and every lender could have a different interest rate as well as a maximum term for which they would lend. They may be willing to loan for only three years, as an example, and potential collateral may further influence the terms you can be offered. Any can quote a payment to you immediately, but these variances must be known first.
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The easiest answer is to call your prospective lenders. Different lenders may charge you certain 