You have a small business loan with a high interest rate. Your firm does better than expected and you have the money to pay it off early. While an early-payoff may seem like a no-brainer at first glance, there may actually be some good reasons NOT to finish off that loan as soon as possible. Increased APR Unlike most car loans and mortgages, many small business loans do not fully amortize. With an amortizing loan, the principal and interest are both spread out over the term of the loan, with […]