The calculator gives a level monthly payment from three inputs. The worked cases show an equipment payment, a repair bill, a coverage ratio done by hand and an advance's factor cost, which this widget does not compute.
Equipment loan calculator: a stretch wrapper and case erector for a Benton County, AR manufacturer
Sample inputs, invented: $27,915 for a stretch wrapper and a case erector, 10.55% a year, 60 months.
| Monthly payment | Total interest | Total repaid |
|---|---|---|
| $600.69 | $8,126.40 | $36,041.40 |
Typing 5 (years) into the months box with these invented inputs gives $5,731.11 a month, far too high; the term box counts months. Both machines are equipment; their wiring and any floor anchoring are property work outside this site.
Working capital loan calculator: a die repair bill at a Benton County, AR manufacturer
A stamping shop sends a worn die out for rebuilding and pays the toolmaker's invoice in one lump. Sample inputs, invented: $17,640, 13.45% a year, 10 months.
| Monthly payment | Total interest | Total repaid |
|---|---|---|
| $1,874.56 | $1,105.60 | $18,745.60 |
Manufacturing establishments in Benton County reported $679 million in annual payroll for 2023 (County Business Patterns, NAICS 31-33).
DSCR commercial loan calculator, done by hand for a Benton County, AR manufacturer's press brake
The debt service coverage ratio divides the cash a business earns before debt payments by what its debt payments take in a year. The widget does not compute it; here it is by hand.
| Line | Before | After |
|---|---|---|
| Cash earned before debt payments (invented) | $94,750 | $94,750 |
| Debt payments per year (invented) | $40,860 | $48,955.08 |
| Coverage ratio | 2.32 | 1.94 |
The press brake payment, $674.59 a month over 60 months at 10.15% in this invented case, comes straight from the calculator; twelve of them add $8,095.08 a year. Partners may set their own coverage minimums. The press brake is equipment; its electrical hookup is property work outside this site.
Factor rate calculator for a Rogers, AR cafe: the math this widget leaves out
This calculator prices a loan. A merchant cash advance uses a factor instead, and the merchant cash advance page has its own calculator for it.
The factor math itself is one multiplication. In this invented case a cafe takes $9,935 at a 1.29 factor, so $12,816.15 is collected and the cost is $2,881.15, whatever the card sales do. What changes with sales is the number of days:
| Daily card sales | Collected per day | Business days |
|---|---|---|
| $1,060 | $106.00 | 121 |
| $1,315 | $131.50 | 98 |
| $1,590 | $159.00 | 81 |
The cost stays at $2,881.15 in every invented row; only the pace moves. Day counts round up, as the advance calculator does.
By Meadowfield Business Capital ยท Updated