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July 31, 2023

Borrowing Base: What It Is & How to Calculate [+ Calculator]

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Borrowing base refers to the maximum amount of funds that can be borrowed based on the value of collateral being pledged for the loan. It is calculated by multiplying a lender’s advance rate or loan-to-value (LTV) threshold by the value of the collateral. For example,

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July 7, 2023

What Is ARV: After Repair Value Formula & How to Calculate

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The after repair value (ARV) is the estimated value of a property after repairs and renovations are completed. It allows investors to determine a potential investment’s sales price, repair budget, and profitability. It is used when long-term investors estimate the long-term rental value of a

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July 7, 2023

Fixed Charge Coverage Ratio: What It Is & How to Calculate It

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The fixed charge coverage ratio (FCCR) is derived from a formula that calculates a company’s ability to pay its fixed charges (also known as fixed expenses) from its earnings before interest and taxes. The FCCR measures solvency, or the ability to pay debts, and the

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July 6, 2023

The Current Ratio: What It Is & How To Calculate It

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The current ratio, also known as the working capital ratio, measures if a company’s current assets are sufficient to cover its current liabilities. The current ratio divides a company’s current assets by its current liabilities. Current assets are defined as cash and other equivalents that can

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June 23, 2023

Quick Ratio: What It Is & How To Calculate It

The quick ratio, also known as the acid test ratio, is a calculation that shows if a company has enough current assets to cover its current liabilities. It is a liquidity ratio used by a company’s stakeholders, investors, and lenders and takes a company’s quick

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June 21, 2023

Net Working Capital: What It Is & How To Calculate It

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Net working capital (NWC) is the difference between a company’s current assets and current liabilities and is one indicator of the solvency of a business. A positive NWC indicates that a company has sufficient funds to meet its current financial obligations and invest in other

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June 13, 2023

How To Write an SBA Business Plan [+Free Template]

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If you’re applying for a loan from the Small Business Administration (SBA), there’s a good chance that you’ll need a business plan to get approved. An SBA business plan provides a summary of the various aspects of your business, and we will guide you through

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June 15, 2022

Equipment Lease Calculator: Calculating Your Lease Payment & Examples

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Our equipment lease calculator allows you to estimate the costs of a potential equipment lease. You can calculate costs using the three most common lease types: fair market value, 10% buyout, and $1 buyout. Our calculator will show you the residual value, estimated monthly lease

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May 13, 2022

SBA 7(a) Loan Calculator: Payments & Amortization

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Our Small Business Administration (SBA) loan calculator is designed for SBA 7(a) and SBA Express Loans. Upon inputting the loan term, desired loan amount, expected interest rate, and annual net operating income, the calculator will generate an estimated monthly payment and a projected amortization schedule. SBA

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April 11, 2022

Merchant Cash Advance Calculator: True Costs of an MCA

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A merchant cash advance (MCA) is a lump-sum payment received in exchange for a fixed percentage of daily credit card receipts. It’s an expensive form of credit and should only be used by businesses that cannot qualify for other types of business funding. In addition,