Type the amount being financed after any down payment, the annual rate as a percentage and the term in months. The examples on this page are invented; other measures, such as a coverage ratio, are worked by hand in the text.
Small business purchase loan calculator inputs for an Anderson County, TX plumbing and HVAC contractor buying out its founder
For a purchase, the amount is the price minus whatever the buyer pays in cash. The rate and term come from an offer, or from a guess to test, and changing them one at a time shows what each one does.
Stretching the same invented $185,000 to 120 months lowers the payment to $2,480.78, $624.00 less a month, but the 120 payments total $297,693.60, adding $36,892.08 of interest over the 84-month schedule. A shorter term does the reverse. The calculator shows both, and neither is an offer.
| Amount | Rate and term | Payment | Total interest | Total repaid |
|---|---|---|---|---|
| $185,000 | 10.35%, 84 months | $3,104.78 | $75,801.52 | $260,801.52 |
Nonemployer Statistics counted 26 plumbing, heating and air-conditioning contractors without paid employees in Anderson County, TX for 2024, a separate count from the county's employer figures.
Running it as an equipment loan calculator for ice machines at Anderson County, TX sit-down restaurants
The same three inputs price an equipment loan. The calculator has no down-payment input, so subtract any cash down from the price before typing the amount.
| Amount | Rate and term | Payment | Total interest | Total repaid |
|---|---|---|---|---|
| $7,950 | 11.15%, 36 months | $260.84 | $1,440.24 | $9,390.24 |
For sit-down restaurants, an ice machine needs a water line and a drain; that hookup is property work outside this site, and only the machine itself is part of an equipment financing request.
ZIP Code Business Patterns places 26 full-service restaurants (NAICS 722511) at ZIP 75801 addresses for 2023.
A working capital loan calculator run on a nine-month parts bill at a Palestine, TX auto repair shop
A short schedule works too. Type the term in months even when it is under a year.
| Amount | Rate and term | Payment | Total interest | Total repaid |
|---|---|---|---|---|
| $13,600 | 13.7%, 9 months | $1,598.68 | $788.12 | $14,388.12 |
For running costs like this, the working capital loans page sets out the purposes and schedules.
ZIP Code Business Patterns places 15 auto repair and maintenance establishments at ZIP 75801 addresses for 2023.
No DSCR commercial loan calculator here: working the coverage ratio by hand for a Palestine, TX law office
A debt service coverage ratio (DSCR) divides a year of net operating income by a year of debt payments. The calculator supplies the new payment; the rest is worked by hand.
| Item | Figure | Source |
|---|---|---|
| New loan payment | $2,313.33 a month | $140,000 at 9.85% over 84 months, from the calculator |
| Annual debt service | $41,559.96 | New payment x 12, plus $1,150 a month of existing debt x 12 |
| Net operating income | $118,000.00 | Invented, from the office's books |
| DSCR | 2.84 | Income divided by annual debt service |
A ratio of 2.84 means the invented income covers a year of payments 2.84 times over; a ratio under 1.00 would mean the payments exceed the income. Changing the loan amount or term in the calculator and redoing the division shows how the ratio moves.
A funding partner may set its own minimum ratio, and may count income and debts differently, so this figure is a check, not a prediction.
By Eaglerock Business Capital · Updated