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Business Finance Calculators

Achieve Growth with Better Financial Decisions

Whether you’re a first-time or long-time business owner, it’s often beneficial to explore financial possibilities before making key decisions. To help, here are several business finance calculators that can assist in specific situations. (Psst, click the little blue plus sign next to any of the input labels on the calculators for more details.)

Calculator Disclaimer

About Business Finance Calculators 

Thanks to their graphs and tables, these business finance calculators can help you picture outlooks for loans, lines of credit, debt consolidation, and financial health—with opportunities to vary factors to explore possibilities. We also offer webinars throughout the year that can help you make better financial decisions regarding loans, bookkeeping, and more—view them here. If you have any questions, feel free to fill out this form or get in touch with us

Business Loan or Line of Credit

Are you weighing the pros and cons of a business loan versus a line of credit? This calculator provides a graphic that will help you picture the payoff comparison between the two. Plus, you’ll get to see the estimated monthly payment for each as well. 

Space Coast Credit Union (SCCU) offers affordable business loans for commercial real estate & construction loans and commercial vehicle & business equipment loans. Reach out to learn more, and a Team Member will be happy to assist.

Purchase or Lease Equipment

Depending on your business type, you may need equipment, such as office appliances, security devices, software, communication systems, or heavy machinery. While purchasing equipment may be a valuable investment, keep in mind that some equipment depreciates quickly, require maintenance, or need upgrades later, so a lease may be worth considering. 

After you’ve entered terms, fees, rates, and other inputs for both the loan and lease options, this calculator will then provide the monthly payment for each as well as the impact on cash flow and your profit/loss expense so you can make a comparison. You can also see how much money you’d need to buy out the equipment at a lease’s end. 

Repaying a Business Loan

This calculator will portray the time it takes to pay off a business loan after you’ve entered the loan balance, interest rate, and monthly payment. You can also see the total interest amount and the remaining term. If you’re looking to cut down on your debt, this calculator may prove useful to show you how much faster you’ll pay off the loan by increasing your monthly payments. Additionally, some lenders may be willing to lower your interest rate on your loan (especially if your credit has improved)—feel free to see what the loan payoff would look like at lower rates with this calculator. 

Projecting Your Cash Flow

You’ve probably heard that cash flow is the lifeblood of a business. After all, it’s the money that flows in a company and the money that flows out, which can result in an increase or decrease of the business’s liquid assets. If a company isn’t generating positive cash flows, strategies to obtain one can include changing the payment terms, varying levels of inventory, and so forth. This calculator is essentially a sandbox where you can vary the values to help you determine how you can get a projection with a positive cash flow. 

Financial Ratio Analysis

This calculator helps you measure your company’s financial health after you’ve entered information for your assets & liabilities and your income & expenses. You can toggle between different charts and tables for the following: income analysis, liquidity, asset management, debt management, and profitability. Feel free to get in touch with us to help you walk through these reports and potentially identify areas for improvement and opportunities for growth.

Business Debt Consolidation

With this calculator, you can total your company’s credit card and installment debt and determine if consolidating them into a single loan with a single payment will be beneficial. For credit cards and installment loans, total up and enter the amounts owed, the average interest rates, and the total monthly payments for each category. Then, for the business consolidation loan, list the term in months and the interest rate.

To be beneficial, the repayment period for the consolidation loan should be shorter than what exists for your current debts. Plus, the interest rate should be lower to gain full benefits of the business consolidation loan. Some debt consolidation loans can look appealing but come with a lower payment because the debt terms have been significantly extended.

Calculate a Business Loan Payment

After you’ve entered the amount, interest rate, and term for a business loan, this calculator will show you what the monthly payment would be. It also creates a payback/amortization schedule so you can see the annual interest paid, annual principal paid, and ending balance for each year in the form of a chart and table.  

Frequently Asked Questions

When seeking financing for your company, you may be deciding between a business loan or line of credit. In general, business loans have fixed payments throughout a predetermined repayment period while business lines of credit come with more flexible repayment terms. For example, a business line of credit may have interest-only repayment terms or otherwise allow the borrower to repay outstanding balances in variable ways. Although each situation can be unique, companies with revenue streams that fluctuate, such as seasonal businesses or startups, may find business lines of credit and their flexible repayment terms more beneficial.

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The answer depends on a number of factors, such as how often you think you’ll use the piece of equipment, how much it’ll need maintenance, how much capital you have, how fast it’ll depreciate, etc.
If your business needs more cash flow, then leasing equipment may make more sense. Plus, some leases offer flexible terms, and you’ll have a chance to “test-drive” the equipment. In some cases, you may be able to purchase the equipment at the end of the lease. With many leases, maintenance costs are free and you can upgrade the equipment later. The lease payments may also be tax deductible, but depreciation likely won’t be.
Buying equipment may involve more upfront costs, but it may make more sense to own if its lifetime cost will be cheaper. Plus, it’ll count as an asset, so you can sell it later, and you may be able to claim the equipment’s depreciation on your taxes.

Note: Please consult a tax advisor about deductibles.

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Repayments are calculated on the loan balance, interest rate, and the term. By increasing what you pay each month, the extra amount will typically get put directly on the principal, reducing the amount owed. Because you’ve reduced the outstanding balance by paying more on the principal, you’ll then reduce what you’re paying in interest because the amount will be calculated on the outstanding loan balance. This will therefore reduce the amount of interest paid over the life of the loan and also shorten the term, allowing you to pay the loan off more quickly. What we just described here applies to a traditional loan, one that’s amortized over a certain term. Note that some business loans may require a minimum payment of interest owed only.

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A cash flow projection is an estimate of the funds you expect to flow into your business and out of your business within a certain time frame. When projecting cash flow, you’ll need to have a good understanding of your current status as well as your upcoming income and expenses. Results can help you to make data-based business decisions. For example, if expenses are higher than average in a month, this may not be the best time to invest in new equipment. If income is higher than expected, you can make a plan of how to best use those funds: saving them for months that aren’t as lucrative, for example, or buying more supplies.

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Calculator Disclaimer

The information provided by these calculators is intended for illustrative purposes only and is not intended to represent actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results.