Loan or Line of Credit Calculator
What's better for my business?
Our Business Loan or Line of Credit Calculator helps you compare the costs and benefits of each option based on your business and its borrowing needs, future growth plans and interest rates.
What’s the Difference Between a Loan and a Line of Credit?
A business loan provides businesses with financial support in the means of an immediate, one-time payment of capital. It is best for funding major, single expenses, purchasing equipment, expanding operations or launching new initiatives. Business loans typically offer fixed interest rates and predictable monthly payments, helping minimize the impact on your monthly budget and offering stability to help you plan confidently for long-term growth.
A business line of credit offers fast, easy access to funds via Digital Banking or branch transfer up to a set limit. These funds will also often replenish as you repay, similar to a credit card. A Line of Credit can be a smart solution for your business to help for manage seasonal cash flow, cover unexpected expenses or take advantage of discount purchasing and timely opportunities. You only pay interest on the outstanding principal balance each month, and funds are available when you need them.
We’re Here to Help
Whatever you envision for your business, California Credit Union as the financing options to help you reach your goals. As your partner, we consider it our privilege to help your business succeed, with exceptional professional service, fast approvals and excellent rates and fees.
Ready to move forward? To apply for a Business Loan or to schedule an appointment, please contact our Business Banking Department at (800) 293-6494 or you may visit any one of our branches across Southern California. You can also explore our full suite of business calculators and resources to plan with confidence.
California Credit Union cannot and does not guarantee the accuracy or the applicability to your individual circumstances. All examples are hypothetical and are for illustrative purposes. Calculator results are estimates based on information you provided and California Credit Union does not guarantee your ability to receive these terms. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
