Claygrove Capital Group in Van Buren, Arkansas built this calculator for estimating loan repayments. The page works invented examples for a therapy office, an auto repair shop, an insurance agency and a quick-service restaurant.
Equipment repayment calculator in Van Buren, AR: what therapy and chiropractic offices compare
An equipment repayment works the same way as any installment loan, so the calculator above handles it: enter the price less any down payment, the annual rate from the quote and the term in months.
Illustration only, invented figures: a therapy or chiropractic office finances $42,000 of treatment tables and rehab equipment over 48 months at an annual rate of 9%. The repayment is about $1,045.17 a month, with about $8,168 of interest over the term.
A lease quote is a different thing: it states a monthly payment and an end-of-lease option rather than a rate, so the calculator cannot price it. Compare a lease by adding up its payments and its buyout.
Two quotes for the same equipment can be compared by running each through the calculator with its own rate and term, then setting the totals side by side. A quote with the lower monthly figure is not always the cheaper one: a longer term can hide a higher total, and fees outside the rate do not show up in the payment at all. Ask each partner for the full list of fees, and add them to the interest before deciding which quote costs less.
Term loan repayment calculator for auto repair shops in Crawford County, AR
A term loan repayment calculator answers two questions: what a payment will be, and how much the loan costs in all.
Illustration only, invented figures: an auto repair shop in Crawford County, AR borrows $120,000 over 84 months at an annual rate of 10% to add two bays. The repayment is about $1,992.14 a month, and the interest over seven years about $47,340.
Some term loans carry an origination fee taken from the amount paid out. To see its effect, enter the full loan amount but remember the shop receives less; the true cost is higher than the rate alone suggests.
Working capital loan calculator in Van Buren, AR: what insurance agencies compare
For a working capital loan, the useful comparison is term against total cost. A shorter term means a larger payment and less interest; a longer one means the reverse.
| Term | Monthly repayment | Total interest |
|---|---|---|
| 12 months | $2,256.46 | $2,078 |
| 18 months | $1,559.62 | $3,073 |
An insurance agency weighing the two can ask which payment its monthly commissions carry comfortably. The 18-month option costs $995 more in interest, but its repayment is $696.84 lower each month.
Working capital calculator online for Van Buren, AR quick-service restaurants
A working capital calculator in the accounting sense measures current assets against current liabilities. The widget on this page does not compute that; it estimates loan repayments. The working capital figure is simple enough to work by hand.
Illustration only, invented figures: a quick-service restaurant in Van Buren, AR has $58,000 in current assets (cash, card settlements due, food and paper stock) and $41,500 in current liabilities (supplier bills, payroll due, sales tax and the next loan payments). Its working capital is $16,500, and its current ratio is 1.40.
A ratio above 1 means current assets cover current bills; a partner reviewing a working capital request may look at the trend in that number. For loan options, see working capital loans.
Working the ratio before and after a loan shows its effect. A working capital loan paid out today adds cash to current assets, while the part of the loan due within the next twelve months adds to current liabilities, so the ratio moves less than the cash balance does. A restaurant owner can redo the arithmetic with its own month-end figures, and an accountant can say which items belong on each side.
When the payment fits, the working capital request form is the next step; the Claygrove guides page has the document checklist to go with it.
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