We created a business name generator to help you get started with brainstorming around business names. Simply enter your information below to get dozens of possible names for your new venture. We also put together tips that can help you on how to choose the right name for your business. Business Name Generator Terms Below…
What Are Workers’ Comp Class Codes?
Workers’ comp class codes are numeric codes that represent the risks occupations face. The insurance industry uses these codes to categorize businesses by how risky their operations are so that carriers can estimate the cost of insuring them more accurately. Most states use the classification system created by the National Council on Compensation Insurance (NCCI),…
How to Calculate Overtime for Hourly & Salaried Employees
Overtime is an important part of calculating payroll. If you hire employees who are 16 or older, there is no limit on how many hours they can work in a workweek. However, you may have to pay them overtime at a rate of at least 1.5 times their regular pay for hours worked over 40…
Invoice Factoring Calculator: Factor Rate vs APR
How to Read Your Invoice Factoring Calculator Results Invoice amount: This is the amount of the invoices that you are including in your factoring agreement—the primary number by which all of the outputs are calculated. Annual percentage rate: The average APR for invoice factoring ranges from 28% to 60%, and includes all fees and other…
Mortgage Amortization Calculator With Schedule
A mortgage amortization calculator and schedule helps borrowers determine how much their monthly loan payment will be. The amortization schedule shows both the principal and interest borrowers pay each month over the loan term. The calculator uses inputs like how much you paid for the property, your down payment and the length of the loan…
SBA Loan Calculator: Payments & Amortization
A loan backed by the U.S. Small Business Administration (SBA) can be the least expensive way to get capital for many small businesses. They typically offer small businesses lower interest rates and longer terms than other financing options. Our SBA loan calculator will help you see just how affordable your SBA loan can be. How…
Business Valuation Calculator: How Much Is Your Business Worth?
A business valuation calculator helps buyers and sellers determine a rough estimate of a business’s value. Two of the most common business valuation formulas begin with either annual sales or annual profits (also known as seller discretionary earnings), multiplied by an industry multiple. Both methods are great starting points to accurately value your business. For…
Merchant Cash Advance Calculator
How to Read Your Merchant Cash Advance Calculator Results Factor rate: The factor rate is what merchant cash advance providers use to determine the total amount you’ll need to repay. The factor rate for a merchant cash advance typically ranges from 1.1x to 1.5x the amount advanced. If you receive a factor rate above 1.5x…
APR Calculator: What It Is & How to Calculate
How to Read Your APR Calculator Results Interest rate: This is the primary input for the APR calculator and represents the annualized cost of borrowing money without fees. The calculator assumes that the interest rate is fixed throughout the life of the loan. Repayment term: This input is the number of years that the loan…
Hard Money Loan Calculator: How Much Will Your Loan Cost?
Hard money loans are typically the fastest route to financing rehabs or property flips. Hard money loans are usually approved based on the property’s value rather than the buyer’s qualifications. However, hard money is often more expensive than traditional financing. Our hard money loan calculator will help you determine how much hard money might cost….
Equipment Lease Calculator
Our equipment lease calculator allows you to estimate the potential costs of an equipment lease by comparing three common lease options: a fair market value lease, $1 buyout lease, and 10% option lease. Estimate your monthly payment and total cost by changing key inputs like the interest rate, down payment, and length of the term….
Business Credit Card Rewards Calculator
The business credit card rewards calculator helps business owners estimate the rewards they could earn in a month. The calculator bases its results on the spending inputs and industry averages for fixed-rate and category bonus rewards cards. Actual rewards will depend on your card issuer’s program. How to Read Your Business Credit Card Rewards Calculator…