Starting and running a successful business requires thoughtful research, planning, and decision making. That’s why we offer several free online calculators so that you can run tests on various business related financial scenarios.
Financial Ratio Analysis Business Calculator
Financial ratios provide a means of measuring the overall health of a business. While numerous tests exist, the most popular measure the overall health of your business analyzing income, liquidity, assets, debt and profitability.
Projecting Your Cash Flow Business Calculator
Even if a business is profitable, it might fail because it is not generating enough cash flow. Money that is tied up in inventory and receivables is not available to help the business pay its bills. You can vary inventory levels, payment terms, and other variables to find the formula that is right for your business to make sure you are generating a positive cash flow.
Purchase or Lease Equipment Calculator Business Calculator
Does it make better sense to buy or lease a new piece of equipment? That depends on several factors, such as the residual value of the equipment you intend to purchase, the amount of money you pay up front as a capitalized cost reduction and the cost of financing. A lease will usually be a more attractive option when compared to an equipment purchase when measured over a comparable term. Keep in mind that with a lease, you will have to return the equipment at the end of the lease term, whereas if you buy, you will own the equipment and will be able to continue driving it after the term expires.
Loan or Line of Credit Business Calculator
Business lines of credit often have more flexible repayment terms than a standard business loan. Business loan payments are typically fixed over the repayment period, while business lines of credit can offer interest-only payment terms, or outstanding balances can be repaid using a variety of repayment strategies. Companies with uncertain or fluctuating revenue streams, such as startups or seasonal businesses may benefit more from the flexible repayment terms a business line of credit offers.
Loan Payment Business Calculator
Repayment of a business loan requires that the borrower make a monthly payment back to the lender. That monthly amount includes a partial repayment of the loan principal, plus monthly interest on the outstanding balance. Loan payments are amortized so that your monthly payment remains the same during the repayment period, but during that time, the percentage of the amount that goes towards principal will increase as the outstanding loan balance decreases.
Debt Consolidation Business Calculator
Debt consolidation loans allow businesses to transfer the account balances from credit cards, lines of credit or installment loans into a single loan and to make a single monthly payment. For debt consolidation loans to be beneficial, the repayment period for paying off the consolidation loan should be shorter than what it would be for your existing debts without the loan. Secondly, the interest that you pay over the repayment period should be less than what you would pay with your current repayment terms. In some cases, a debt consolidation loan may look attractive because it has a significantly lower monthly payment than what you are paying today, but it is likely the case that the lower payment is due to extending the repayment of the loan over a much longer repayment period.
From business checking and savings accounts to business loans and services, Greater Nevada has your commercial banking needs covered. Click below to learn more about your options, or contact our Commercial Services team to get a no obligation conversation started.
Choose from a variety of business banking accounts including checking, savings, share certificates (CDs), and more.
Business Loans & Credit
Several different funding options for your business including SBA, USDA, business lines of credit, credit cards, and more.
We offer cash management, remote deposit, and merchant services, as well as benefits for your employees.
These calculators are intended solely for general information and educational purposes. Greater Nevada Credit Union does not guarantee the accuracy of the calculations. These calculators are not intended in any way as financial, insurance, tax or legal information regarding your or your business’s financial situation.