Business Loan Calculators are a great way to determine how much a business loan will cost your company as well as to ensure that the benefits (the added revenue or cost savings a business loans can provide) are worth the additional expense of the business loan.
Calculate Your Monthly Payment:
Input your anticipated loan amount, interest rate, and term and see what your monthly payment would be. Adjust the inputs (amount, rate & term) to see the impact on your anticipated payment.
Financial Ratios – How strong Is Your Business?
If you want to better understand the operating soundness of your business – just click a link below to calculate your financial ratios.
Not sure if you will be able to understand these ratios or what they really mean – we try to provide explanation where needed!
What you will need:
Copy of your most recent financial statements:
- Income Statement
- Balance Sheet
- Cash Flow Statement
Keep in mind, that it is better to measure your company over time to determine if your business is growing (getting better), stagnate (staying the same and not moving forward) or declining (self-explanatory).
Thus, get copies of your past and current financial statements (monthly, quarterly or annually) and compare your financial ratios over time.
Again, to measure the strength of your business – calculate the following Financial Ratios:
- Liquidity Ratios
Can you pay your short-term obligations?
- Safety Ratios
Can your business withstand another economic downturn?
- Profitability Ratios
How much are you making and can you make more?
- Operating Performance Ratios
How well are you managing your business?
Disclaimer: Business Money Today does not retain or track you or the data you input. These calculators and financial ratios are for education purposes only and are in no way an adequate substitute for a professional financial advisor.
We look forward to being your Business Money Network!