{"product_id":"economic-injury-disaster-loan","title":"Economic Injury Disaster Loan Emergency Advance (EIDL)","description":"\u003cstyle\u003e\n.eidl-calculator{--ink:#0f172a;--muted:#475569;--border:#e2e8f0;--surface:#ffffff;--tint:#f8fafc;--primary:#1d4ed8;--accent:#c2410c;--accent-hover:#9a3412;--chart-1:#1e40af;--chart-2:#0d9488;--chart-3:#7c3aed;--chart-4:#be185d;--chart-5:#334155;color:var(--ink);font-family:Arial,Helvetica,sans-serif;font-size:15px;line-height:1.55;max-width:1200px;margin:0 auto;background:var(--surface);border:1px solid var(--border);border-radius:8px;box-shadow:0 1px 2px rgba(15,23,42,.06);overflow-wrap:anywhere}\n.eidl-calculator,.eidl-calculator *,.eidl-calculator *::before,.eidl-calculator *::after{box-sizing:border-box}\n.eidl-calculator *{min-width:0}\n.eidl-calculator h2,.eidl-calculator h3,.eidl-calculator p{margin-top:0}\n.eidl-calculator button,.eidl-calculator input,.eidl-calculator select{font:inherit}\n.eidl-calculator button,.eidl-calculator 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.eidl-toolbar,.eidl-calculator .eidl-workspace,.eidl-calculator .eidl-section,.eidl-calculator .eidl-education{padding-left:16px;padding-right:16px}.eidl-calculator .eidl-workspace{padding-top:16px}.eidl-calculator .eidl-section{padding-bottom:16px}.eidl-calculator .eidl-form-grid,.eidl-calculator .eidl-metrics{grid-template-columns:1fr}.eidl-calculator .eidl-chart-cluster{grid-template-columns:1fr;gap:16px}.eidl-calculator .eidl-legend-row{grid-template-columns:12px minmax(80px,1fr) auto}.eidl-calculator .eidl-legend-percent{grid-column:2\/4;padding-left:0}.eidl-calculator .eidl-line-svg{height:auto}.eidl-calculator .eidl-toolbar .eidl-button{flex:1 1 auto}.eidl-calculator .eidl-download{justify-content:center}.eidl-calculator .eidl-result-value{font-size:27px}}\n@media (max-width:380px){.eidl-calculator{border-left:0;border-right:0;border-radius:0}.eidl-calculator .eidl-header,.eidl-calculator .eidl-toolbar,.eidl-calculator .eidl-workspace,.eidl-calculator .eidl-section,.eidl-calculator .eidl-education{padding-left:12px;padding-right:12px}.eidl-calculator .eidl-panel{padding:16px}.eidl-calculator .eidl-button{width:100%;justify-content:center}.eidl-calculator .eidl-toolbar{align-items:stretch}.eidl-calculator .eidl-donut-box{max-width:276px}}\n\u003c\/style\u003e\n\u003cdiv class=\"eidl-calculator\" data-calculator-root\u003e\n  \u003cheader class=\"eidl-header\"\u003e\n    \u003ch2 class=\"eidl-title\"\u003eEconomic Injury Disaster Loan Payment Calculator\u003c\/h2\u003e\n    \u003cp class=\"eidl-subtitle\"\u003eEstimate the historical EIDL advance, deferred-interest balance, monthly payment, total interest, payoff path, and amortization schedule from one consistent model.\u003c\/p\u003e\n    \u003cdiv class=\"eidl-pills\" aria-label=\"Live calculator summary\"\u003e\n      \u003cspan class=\"eidl-pill\"\u003eMonthly payment \u003cstrong data-pill-payment\u003e—\u003c\/strong\u003e\u003c\/span\u003e\n      \u003cspan class=\"eidl-pill\"\u003eAdvance \u003cstrong data-pill-advance\u003e—\u003c\/strong\u003e\u003c\/span\u003e\n      \u003cspan class=\"eidl-pill\"\u003eTotal interest \u003cstrong data-pill-interest\u003e—\u003c\/strong\u003e\u003c\/span\u003e\n      \u003cspan class=\"eidl-pill\"\u003ePayoff \u003cstrong data-pill-payoff\u003e—\u003c\/strong\u003e\u003c\/span\u003e\n    \u003c\/div\u003e\n  \u003c\/header\u003e\n  \u003cdiv class=\"eidl-toolbar\"\u003e\n    \u003cbutton class=\"eidl-button eidl-download\" type=\"button\" data-download\u003e\n      \u003csvg viewbox=\"0 0 24 24\" aria-hidden=\"true\"\u003e\u003cpath d=\"M12 3v12\"\u003e\u003c\/path\u003e\u003cpath d=\"m7 10 5 5 5-5\"\u003e\u003c\/path\u003e\u003cpath d=\"M5 21h14\"\u003e\u003c\/path\u003e\u003c\/svg\u003e\n      \u003cspan\u003eDownload Excel\u003c\/span\u003e\n    \u003c\/button\u003e\n    \u003cbutton class=\"eidl-button\" type=\"button\" data-reset\u003eReset\u003c\/button\u003e\n  \u003c\/div\u003e\n  \u003cmain class=\"eidl-workspace\"\u003e\n    \u003csection class=\"eidl-panel\" aria-labelledby=\"eidl-inputs-heading\"\u003e\n      \u003ch3 class=\"eidl-section-title\" id=\"eidl-inputs-heading\"\u003eLoan assumptions\u003c\/h3\u003e\n      \u003cdiv class=\"eidl-form-grid\"\u003e\n        \u003cdiv class=\"eidl-field eidl-field-full\" data-field=\"borrowerType\"\u003e\n          \u003clabel class=\"eidl-label\" for=\"eidl-borrower-type\"\u003eBorrower type\u003c\/label\u003e\n          \u003cselect class=\"eidl-control\" id=\"eidl-borrower-type\" data-input=\"borrowerType\"\u003e\n            \u003coption value=\"business\" selected\u003eFor-profit business — 3.75%\u003c\/option\u003e\n            \u003coption value=\"nonprofit\"\u003ePrivate nonprofit — 2.75%\u003c\/option\u003e\n            \u003coption value=\"custom\"\u003eCustom rate\u003c\/option\u003e\n          \u003c\/select\u003e\n          \u003cp class=\"eidl-helper\"\u003eSelecting a historical borrower category updates the annual rate; choose custom to enter another note rate.\u003c\/p\u003e\n          \u003cp class=\"eidl-error\" data-error=\"borrowerType\"\u003e\u003c\/p\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"eidl-field\" data-field=\"loanAmount\"\u003e\n          \u003clabel class=\"eidl-label\" for=\"eidl-loan-amount\"\u003eRepayable loan principal\u003c\/label\u003e\n          \u003cinput class=\"eidl-control\" id=\"eidl-loan-amount\" data-input=\"loanAmount\" data-mask=\"currency\" inputmode=\"decimal\" autocomplete=\"off\" value=\"$150,000.00\"\u003e\n          \u003cp class=\"eidl-helper\"\u003eEnter the loan principal shown on the note, excluding any separate advance that did not require repayment.\u003c\/p\u003e\n          \u003cp class=\"eidl-error\" data-error=\"loanAmount\"\u003e\u003c\/p\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"eidl-field\" data-field=\"employees\"\u003e\n          \u003clabel class=\"eidl-label\" for=\"eidl-employees\"\u003eEmployees used for advance\u003c\/label\u003e\n          \u003cinput class=\"eidl-control\" id=\"eidl-employees\" data-input=\"employees\" inputmode=\"numeric\" autocomplete=\"off\" value=\"10\"\u003e\n          \u003cp class=\"eidl-helper\"\u003eThe original emergency advance rule was $1,000 per employee, capped at $10,000.\u003c\/p\u003e\n          \u003cp class=\"eidl-error\" data-error=\"employees\"\u003e\u003c\/p\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"eidl-field\" data-field=\"annualRate\"\u003e\n          \u003clabel class=\"eidl-label\" for=\"eidl-rate\"\u003eAnnual interest rate\u003c\/label\u003e\n          \u003cinput class=\"eidl-control\" id=\"eidl-rate\" data-input=\"annualRate\" data-mask=\"percent\" inputmode=\"decimal\" autocomplete=\"off\" value=\"3.75%\"\u003e\n          \u003cp class=\"eidl-helper\"\u003eUse the fixed rate in the promissory note. Historical COVID EIDL rates were commonly 3.75% or 2.75%.\u003c\/p\u003e\n          \u003cp class=\"eidl-error\" data-error=\"annualRate\"\u003e\u003c\/p\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"eidl-field\" data-field=\"termYears\"\u003e\n          \u003clabel class=\"eidl-label\" for=\"eidl-term\"\u003eTotal note term\u003c\/label\u003e\n          \u003cinput class=\"eidl-control\" id=\"eidl-term\" data-input=\"termYears\" inputmode=\"decimal\" autocomplete=\"off\" value=\"30\"\u003e\n          \u003cp class=\"eidl-helper\"\u003eEnter years from disbursement to maturity. The historical maximum term was generally 30 years.\u003c\/p\u003e\n          \u003cp class=\"eidl-error\" data-error=\"termYears\"\u003e\u003c\/p\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"eidl-field\" data-field=\"deferMonths\"\u003e\n          \u003clabel class=\"eidl-label\" for=\"eidl-deferment\"\u003ePayment deferment\u003c\/label\u003e\n          \u003cinput class=\"eidl-control\" id=\"eidl-deferment\" data-input=\"deferMonths\" inputmode=\"numeric\" autocomplete=\"off\" value=\"12\"\u003e\n          \u003cp class=\"eidl-helper\"\u003eMonths with no scheduled payment. Interest accrues and is added to the modeled repayment balance.\u003c\/p\u003e\n          \u003cp class=\"eidl-error\" data-error=\"deferMonths\"\u003e\u003c\/p\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"eidl-field\" data-field=\"extraPayment\"\u003e\n          \u003clabel class=\"eidl-label\" for=\"eidl-extra\"\u003eExtra monthly payment\u003c\/label\u003e\n          \u003cinput class=\"eidl-control\" id=\"eidl-extra\" data-input=\"extraPayment\" data-mask=\"currency\" inputmode=\"decimal\" autocomplete=\"off\" value=\"$0.00\"\u003e\n          \u003cp class=\"eidl-helper\"\u003eOptional amount paid above the scheduled installment after deferment; it reduces payoff time and interest.\u003c\/p\u003e\n          \u003cp class=\"eidl-error\" data-error=\"extraPayment\"\u003e\u003c\/p\u003e\n        \u003c\/div\u003e\n        \u003cdiv class=\"eidl-field\" data-field=\"disbursementDate\"\u003e\n          \u003clabel class=\"eidl-label\" for=\"eidl-date\"\u003eDisbursement date\u003c\/label\u003e\n          \u003cinput class=\"eidl-control\" id=\"eidl-date\" data-input=\"disbursementDate\" type=\"date\" value=\"2020-06-01\"\u003e\n          \u003cp class=\"eidl-helper\"\u003eUsed to label schedule periods and estimate the first scheduled payment and payoff month.\u003c\/p\u003e\n          \u003cp class=\"eidl-error\" data-error=\"disbursementDate\"\u003e\u003c\/p\u003e\n        \u003c\/div\u003e\n      \u003c\/div\u003e\n    \u003c\/section\u003e\n    \u003csection class=\"eidl-panel\" aria-labelledby=\"eidl-results-heading\"\u003e\n      \u003ch3 class=\"eidl-section-title\" id=\"eidl-results-heading\"\u003eLive results\u003c\/h3\u003e\n      \u003cdiv class=\"eidl-result-primary\"\u003e\n        \u003cp class=\"eidl-result-kicker\"\u003eScheduled monthly payment after deferment\u003c\/p\u003e\n        \u003cp class=\"eidl-result-value\" data-result=\"monthlyPayment\"\u003e—\u003c\/p\u003e\n        \u003cp class=\"eidl-result-note\" data-result=\"paymentNote\"\u003eEnter valid assumptions to calculate.\u003c\/p\u003e\n      \u003c\/div\u003e\n      \u003cdiv class=\"eidl-metrics\"\u003e\n        \u003cdiv class=\"eidl-metric\"\u003e\n\u003cp class=\"eidl-metric-label\"\u003eEstimated advance\u003c\/p\u003e\n\u003cp class=\"eidl-metric-value\" data-result=\"advance\"\u003e—\u003c\/p\u003e\n\u003cp class=\"eidl-metric-sub\"\u003eSeparate from repayable principal\u003c\/p\u003e\n\u003c\/div\u003e\n        \u003cdiv class=\"eidl-metric\"\u003e\n\u003cp class=\"eidl-metric-label\"\u003eDeferred interest\u003c\/p\u003e\n\u003cp class=\"eidl-metric-value\" data-result=\"deferInterest\"\u003e—\u003c\/p\u003e\n\u003cp class=\"eidl-metric-sub\" data-result=\"deferNote\"\u003eBefore repayment starts\u003c\/p\u003e\n\u003c\/div\u003e\n        \u003cdiv class=\"eidl-metric\"\u003e\n\u003cp class=\"eidl-metric-label\"\u003eBalance entering repayment\u003c\/p\u003e\n\u003cp class=\"eidl-metric-value\" data-result=\"repaymentBalance\"\u003e—\u003c\/p\u003e\n\u003cp class=\"eidl-metric-sub\"\u003ePrincipal plus deferred interest\u003c\/p\u003e\n\u003c\/div\u003e\n        \u003cdiv class=\"eidl-metric\"\u003e\n\u003cp class=\"eidl-metric-label\"\u003ePlanned monthly outflow\u003c\/p\u003e\n\u003cp class=\"eidl-metric-value\" data-result=\"plannedPayment\"\u003e—\u003c\/p\u003e\n\u003cp class=\"eidl-metric-sub\"\u003eScheduled payment plus extra\u003c\/p\u003e\n\u003c\/div\u003e\n        \u003cdiv class=\"eidl-metric\"\u003e\n\u003cp class=\"eidl-metric-label\"\u003eTotal interest\u003c\/p\u003e\n\u003cp class=\"eidl-metric-value\" data-result=\"totalInterest\"\u003e—\u003c\/p\u003e\n\u003cp class=\"eidl-metric-sub\"\u003eDeferred and repayment interest\u003c\/p\u003e\n\u003c\/div\u003e\n        \u003cdiv class=\"eidl-metric\"\u003e\n\u003cp class=\"eidl-metric-label\"\u003eTotal repaid\u003c\/p\u003e\n\u003cp class=\"eidl-metric-value\" data-result=\"totalRepaid\"\u003e—\u003c\/p\u003e\n\u003cp class=\"eidl-metric-sub\"\u003eExcludes the separate advance\u003c\/p\u003e\n\u003c\/div\u003e\n        \u003cdiv class=\"eidl-metric\"\u003e\n\u003cp class=\"eidl-metric-label\"\u003ePayments after deferment\u003c\/p\u003e\n\u003cp class=\"eidl-metric-value\" data-result=\"paymentCount\"\u003e—\u003c\/p\u003e\n\u003cp class=\"eidl-metric-sub\"\u003eFinal payment may be smaller\u003c\/p\u003e\n\u003c\/div\u003e\n        \u003cdiv class=\"eidl-metric\"\u003e\n\u003cp class=\"eidl-metric-label\"\u003eEstimated payoff\u003c\/p\u003e\n\u003cp class=\"eidl-metric-value\" data-result=\"payoffDate\"\u003e—\u003c\/p\u003e\n\u003cp class=\"eidl-metric-sub\" data-result=\"payoffNote\"\u003eBased on modeled payments\u003c\/p\u003e\n\u003c\/div\u003e\n      \u003c\/div\u003e\n      \u003cdiv class=\"eidl-live\" aria-live=\"polite\" data-live\u003e\u003c\/div\u003e\n    \u003c\/section\u003e\n  \u003c\/main\u003e\n  \u003csection class=\"eidl-section\"\u003e\n    \u003cdiv class=\"eidl-panel eidl-chart-card\" data-chart-card=\"breakdown\" aria-labelledby=\"eidl-breakdown-heading\"\u003e\n      \u003cdiv class=\"eidl-chart-head\"\u003e\u003cdiv class=\"eidl-chart-head-text\"\u003e\n\u003ch3 class=\"eidl-section-title\" id=\"eidl-breakdown-heading\"\u003eRepayment breakdown\u003c\/h3\u003e\n\u003cp data-breakdown-intro\u003ePrincipal and interest portions of the modeled cash repaid.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/div\u003e\n      \u003cdiv data-breakdown-content\u003e\u003c\/div\u003e\n    \u003c\/div\u003e\n  \u003c\/section\u003e\n  \u003csection class=\"eidl-section\"\u003e\n    \u003cdiv class=\"eidl-panel eidl-chart-card\" data-chart-card=\"balance\" aria-labelledby=\"eidl-balance-heading\"\u003e\n      \u003cdiv class=\"eidl-chart-head\"\u003e\u003cdiv class=\"eidl-chart-head-text\"\u003e\n\u003ch3 class=\"eidl-section-title\" id=\"eidl-balance-heading\"\u003eBalance and cumulative interest\u003c\/h3\u003e\n\u003cp data-line-intro\u003eThe annual view shows how the outstanding balance declines while cumulative interest rises.\u003c\/p\u003e\n\u003c\/div\u003e\u003c\/div\u003e\n      \u003cdiv data-line-content\u003e\u003c\/div\u003e\n    \u003c\/div\u003e\n  \u003c\/section\u003e\n  \u003csection class=\"eidl-section\"\u003e\n    \u003cdiv class=\"eidl-panel eidl-table-card\" aria-labelledby=\"eidl-schedule-heading\"\u003e\n      \u003cdiv class=\"eidl-table-toolbar\"\u003e\u003ch3 class=\"eidl-section-title\" id=\"eidl-schedule-heading\"\u003eAnnual amortization schedule\u003c\/h3\u003e\u003c\/div\u003e\n      \u003cdiv class=\"eidl-table-wrap\" data-table-wrap\u003e\n        \u003ctable class=\"eidl-table\"\u003e\n          \u003cthead\u003e\u003ctr\u003e\n\u003cth scope=\"col\"\u003ePeriod\u003c\/th\u003e\n\u003cth scope=\"col\"\u003eOpening balance\u003c\/th\u003e\n\u003cth scope=\"col\"\u003ePayments\u003c\/th\u003e\n\u003cth scope=\"col\"\u003ePrincipal\u003c\/th\u003e\n\u003cth scope=\"col\"\u003eInterest\u003c\/th\u003e\n\u003cth scope=\"col\"\u003eEnding balance\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n          \u003ctbody data-schedule-body\u003e\u003c\/tbody\u003e\n        \u003c\/table\u003e\n      \u003c\/div\u003e\n      \u003cdiv class=\"eidl-table-note\" data-table-note\u003eThe annual rows aggregate the monthly model. Download Excel for the complete month-by-month schedule.\u003c\/div\u003e\n    \u003c\/div\u003e\n  \u003c\/section\u003e\n  \u003csection class=\"eidl-education\"\u003e\n    \u003cdiv class=\"eidl-education-inner\"\u003e\n      \u003cdiv class=\"eidl-notice\"\u003e\n\u003cstrong\u003eHistorical-program context:\u003c\/strong\u003e COVID-19 EIDL applications and advances are closed. This calculator is for understanding an existing note or a historical scenario, not for estimating eligibility for a new COVID EIDL.\u003c\/div\u003e\n      \u003ch2\u003eWhat does this EIDL calculator estimate?\u003c\/h2\u003e\n      \u003cp\u003eThis tool models a fixed-rate installment loan with an initial payment deferment. It estimates the historical emergency advance separately, calculates interest accumulated while scheduled payments are deferred, adds that interest to the repayment balance, and then amortizes the balance over the remaining note term. The result set includes the scheduled monthly payment, planned payment with any extra amount, total interest, total cash repaid, number of payments, estimated payoff date, a principal-versus-interest breakdown, a balance chart, and an annual schedule.\u003c\/p\u003e\n      \u003cp\u003eThe model follows the loan structure described in the historical EIDL material: a low fixed rate, a long maximum term, and interest accruing during deferment. It is an analytical estimate rather than a servicing statement. Existing borrowers should use the figures on their note and compare the result with the \u003ca href=\"https:\/\/www.sba.gov\/funding-programs\/loans\/covid-19-relief-options\/covid-19-economic-injury-disaster-loan\/manage-your-eidl\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eSBA guidance for managing a COVID-19 EIDL\u003c\/a\u003e and their portal balance.\u003c\/p\u003e\n      \u003ch2\u003eHow should each input be completed?\u003c\/h2\u003e\n      \u003ch3\u003eBorrower type and annual interest rate\u003c\/h3\u003e\n      \u003cp\u003eBorrower type supplies a historical starting rate: 3.75% for a for-profit business or 2.75% for a qualifying private nonprofit. Selecting Custom rate lets you model the exact annual rate printed on another note. The interest rate is required. A higher rate increases deferred interest, the monthly payment, and total interest; a lower rate reduces them. Enter the nominal annual percentage, not the monthly rate and not a decimal fraction. For example, enter 3.75%, not 0.0375%. The \u003ca href=\"https:\/\/www.sba.gov\/funding-programs\/loans\/covid-19-relief-options\/eidl\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eSBA COVID-19 EIDL program summary\u003c\/a\u003e distinguishes repayable loan funds from advance funds that did not require repayment.\u003c\/p\u003e\n      \u003ch3\u003eRepayable loan principal\u003c\/h3\u003e\n      \u003cp\u003eUse the principal amount on the promissory note that must be repaid. Do not subtract a separate EIDL advance merely because the advance was associated with the application; the calculator reports that advance independently. Principal is required and cannot be negative. Increasing principal scales the payment and interest almost proportionally when the rate and term remain unchanged. A common mistake is entering the current portal balance instead of original principal while also entering the original deferment; that double-counts accrued interest.\u003c\/p\u003e\n      \u003ch3\u003eEmployees used for the advance\u003c\/h3\u003e\n      \u003cp\u003eThe historical emergency advance is modeled as $1,000 per employee, limited to $10,000. This field affects only the displayed advance and does not reduce the repayable loan principal. Enter zero when no advance was received or when the advance is irrelevant to the analysis. Values above ten still produce a $10,000 estimate because of the cap. Actual advance awards depended on the program rules and application record, so the estimate should not replace award documentation.\u003c\/p\u003e\n      \u003ch3\u003eTotal note term and payment deferment\u003c\/h3\u003e\n      \u003cp\u003eTotal note term is the number of years from disbursement to maturity, not the number of years remaining today. The model allows up to 30 years. A longer term usually lowers the scheduled monthly payment but raises total interest because the balance remains outstanding longer. Deferment is the number of months before scheduled repayment. More deferment increases accrued interest and leaves fewer months before maturity, usually increasing both the repayment balance and the required payment. The deferment must be shorter than the total term.\u003c\/p\u003e\n      \u003ch3\u003eExtra monthly payment and disbursement date\u003c\/h3\u003e\n      \u003cp\u003eExtra monthly payment is optional and begins with the first modeled scheduled installment. It does not change the contractual payment shown as the primary result; instead, it increases planned monthly outflow and can shorten the payoff period. Extra payments are applied after monthly interest, directly reducing principal. The disbursement date labels schedule periods and determines the modeled first-payment and payoff months. Confirm whether the servicer applies voluntary payments in the same way before relying on a payoff estimate.\u003c\/p\u003e\n      \u003ch2\u003eHow are the main results calculated?\u003c\/h2\u003e\n      \u003cp\u003eDuring deferment, the calculator accrues simple interest on the original principal for the number of deferred months. That amount is then added to principal for the repayment phase. The scheduled payment uses the standard fixed-payment amortization formula over the months remaining until maturity:\u003c\/p\u003e\n      \u003cdiv class=\"eidl-formula\"\u003epayment = balance × monthly rate ÷ (1 − (1 + monthly rate)\u003csup\u003e−remaining months\u003c\/sup\u003e)\u003c\/div\u003e\n      \u003cp\u003eWhen the annual rate is zero, the balance is divided evenly across the remaining months. Each repayment month then calculates interest on the opening balance, applies the scheduled payment plus any extra payment, and limits the final payment so the balance never becomes negative. Deferred interest and repayment-phase interest are added to produce total interest. Total repaid equals original principal plus total interest; the separate advance is excluded because the historical advance did not require repayment under the program rules.\u003c\/p\u003e\n      \u003ch2\u003eHow should the charts and schedule be interpreted?\u003c\/h2\u003e\n      \u003cp\u003eThe repayment breakdown compares original principal with all modeled interest. A larger interest share can result from a higher rate, a longer term, or a longer deferment. The balance chart uses annual checkpoints: the outstanding balance should trend downward after repayment begins, while cumulative interest trends upward. A flat or rising balance during deferment is expected because no scheduled principal is being paid.\u003c\/p\u003e\n      \u003cp\u003eThe annual schedule aggregates every monthly row into a calendar-like loan year. Opening balance is the first balance in the period. Payments are the actual cash payments made during that period, principal is the amount reducing the balance, interest includes accrued financing cost, and ending balance is the balance after the last month in the row. The final period may contain fewer than twelve months, and its final payment can be smaller than the regular planned amount.\u003c\/p\u003e\n      \u003ch2\u003eWhat assumptions can materially change the estimate?\u003c\/h2\u003e\n      \u003cp\u003eServicing calculations may differ because EIDL interest can accrue daily, payment posting dates vary, voluntary payments may be applied differently, and a note can retain a balloon amount at maturity. This calculator uses monthly periods and capitalizes modeled deferred interest at the start of amortization. It also assumes a fixed rate and no late charges, servicing fees, payment-assistance modifications, missed payments, or changes in payment timing. The \u003ca href=\"https:\/\/www.sba.gov\/funding-programs\/loans\/make-payment-sba\" target=\"_blank\" rel=\"noopener noreferrer\"\u003eSBA payment and loan-portal guidance\u003c\/a\u003e and the signed note are the better sources for contractual details.\u003c\/p\u003e\n      \u003cp\u003eUse scenario testing rather than a single point estimate. Compare the note rate with a slightly higher rate, shorten and lengthen the term, and test a realistic extra payment. The most useful affordability check is not merely whether the scheduled payment is low, but whether operating cash flow can support the payment through seasonal or volatile months. This page provides educational estimates and does not provide financial, legal, tax, or servicing advice.\u003c\/p\u003e\n    \u003c\/div\u003e\n  \u003c\/section\u003e\n\u003c\/div\u003e","brand":"FinancialModelsLab","offers":[{"title":"Default Title","offer_id":49909488386291,"sku":"economic-injury-disaster-loan","price":0.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0522\/6191\/2762\/files\/economic-injury-disaster-loan.webp?v=1783935553","url":"https:\/\/financialmodelslab.com\/products\/economic-injury-disaster-loan","provider":"Financial Models Lab","version":"1.0","type":"link"}