Tag: Calculator

Free Small Business Valuation Calculator #stocks


#business valuation calculator

#

Free Small Business Valuation Calculator. A Quick and Simple way to Value your Business online.

Ever wonder what your business is worth?

No need to spend time or money on a business valuation firm. Just enter in the information on our valuation spreadsheet and our software will calculate the value of your small business.

The formula we use is based on the Multiple of Earnings method which is most commonly used in small business valuation. The multiple is similar to using a discount cash flow, or capitalization rate used by top business valuation appraisers and top analysts. We�ve just simplified it for small business owners.

For a more personalized and in depth business valuation, we provide a free business evaluation and consultation! for local business owners who are thinking about selling their Business.

Disclaimer: This tool should only be used as a general indicator of value. There are other factors associated with the sale of a business that can impact the value of a business that only an experienced broker will be able to identify. Please contact us for a more personal evaluation of your business and for suggestions on how to prepare your business for the highest sale possible.


Tags : , , , ,

Commercial Mortgage Calculator #advertise #my #business


#business loan calculator

#

Commercial Property Loan Calculator

Calculate Payments on Commercial Properties

This tool figures payments on a commercial property, offering payment amounts for P & I, Interest-Only and Balloon repayments — along with providing a monthly amortization schedule.

What You Need to Know About Commercial Property Financing

Obtaining a business real estate advance is a lot more difficult than getting a home advance, and you need to be prepared for a grueling process that has many twists and turns – and sometimes a surprise ending.

If you’ve never applied for a business advance before, you may be surprised by how picky commercial lenders can be. And then you have to consider how risky the process can be for you personally. In the event that your commercial lender turns you down at the last minute after the wheels have already started to turn, you might even have to declare bankruptcy.

You’ll need to pay appraisal fees and toxic report costs, and these don’t come cheap. If you are turned down and need to start a new application, you may have to pay for all of these third-party reports again. To make the game even riskier, there are many impostors masquerading as direct commercial lenders, and they are only interested in ripping you off to collect the exorbitant application fees.

In order to avoid a series of missteps that could land you in hot water, it’s best to understand the specific steps of obtaining a business real estate loan before you start looking for a suitable lender.

Firstly, it’s important to understand one of the fundamental differences between commercial property loans and residential mortgages. While home loans are typically backed by a government entity like Fannie Mae or Freddie Mac. loans for business properties are not.

As a result, the lenders charge higher interest rates and are hungry for lots of assurance.

Some lenders will go so far as to evaluate the borrower’s business model, as well as the commercial building that will serve as collateral. Don’t go into a commercial real estate lender’s office with the same expectations as you would when you’re applying for an advance secured against your primary residence. It’s a different ball game.

Meeting The Loan Repayment Terms

In the world of business real estate financing, lenders expect the borrower to repay the entire business advance earlier than the due date. They do this by including a balloon repayment stipulation. This means that the borrower pays on his 30-year mortgage as usual for a few years with principal and interest payments, and then he ll have to pay off the entire balance in one fell swoop, or one balloon payment.

But a balloon loan could be a recipe for disaster, especially if the borrower is not ready when the balloon payment comes due (usually after 3, 5, or 10 years). If this is the case, the borrower must refinance the advance. Remember that the lender is keeping one eye on the borrower’s business and cash flow. If it appears to the lender that the business is not doing well in the years leading up to the balloon payment, the lender may jack up the interest rate or flat out refuse to refinance. The prospect of the realty going into foreclosure is always a concern with balloon loans.

How Long Does It Take?

You should receive a preliminary answer or pre-approval the same day or the next business day, but this doesn’t guarantee that your loan will be approved. The lender needs 10 to 20 additional business days to run detailed financial reports and in-depth credit checks.

The loan is then scrutinized by underwriters, and these are seriously picky people. They want to meet you (and sometimes your business associates) before deciding if they should lend you money. Once the loan application has gained the approval of the underwriter, you just hammer out the terms and sign on the dotted line. Although many lenders boast that they can push a business loan through in 45 days or less, it usually takes closer to three months.

The Required Documents

Even before you apply for the advance, inquire about the necessary documentation. Some small businesses lack the kind of income documentation required for business lending, so it would be a waste of time to start the process in the face of insurmountable roadblocks.

Business property financiers need to see the last 3 to 5 years of tax returns and financial statements, including:

  • Corporate documents
  • Asset statements
  • Leases
  • Personal financial records

The more documentation required, the longer the advance approval process will take.

Watch Out For Hidden Costs

Don’t be fooled by a low interest rate if there are too many fees involved, including but not limited to legal fees, application fees, appraisal fees, and survey charges. It may seem confusing at times, but remember that points are percentages that the lender pockets off the top. If your interest rate is 9 percent with two points, the real cost of borrowing the money is 11 percent.

In some instances, these charges and hidden fees can add up to tens of thousands of dollars, so you need to find out if it’s likely you’ll be approved before you drop a small fortune on the application fees.

Banks vs. Non-Bank Lenders

Non-bank lenders (such as silent investors, for example) are usually less strict about their eligibility requirements, and many are willing to loan you money without including the early balloon repayment stipulation. In reality, these loans are just like home advances in that they offer you a steady repayment plan spread out over 20 or 30 years. However, they do carry slightly higher interest rates.

There are some other disadvantages to non-bank commercial property borrowing, namely the high expectations of the lender. If you don’t generate an anticipated profit, a nervous private lender may pull the plug on your funding. Until he sees a return on his investment, he may even start taking possession of items you posted as collateral.

The obvious advantage of obtaining your loan through a traditional bank is the rigorous reporting system it offers. If you make all your payments on time, your bank reports will reflect that. In turn, this will increase your credit rating and make it easier for you to qualify for loans in the future.

Top Tips For Business Property Borrowers

Here are the top tips for getting the most out of your commercial property loan:

1. Shop Around

Don’t rely on a single commercial lender. Instead, contact at least three different lenders. business lending is very subjective, meaning your eligibility is determined by someone who may or may not be fair. The more options you have, including both banks and non-bank lenders, the more likely you are to get approved.

2. Beware of Charlatans

Why would anyone pretend to be a direct commercial lender? To steal your application fees, of course! There are con men lurking everywhere, and the slick business real estate lenders who greet you with a contract in one hand and a pen in the other are to be avoided.

3. Be Prepared For a Long Wait

Commercial lenders, like home contractors, always exaggerate how quickly the work will get done. In fact, you can expect a three-month processing period, no matter what the lender promises.

4. Toxic Reports

You’ll have to provide a toxic report to the potential lender if you default on your payments and the lender forecloses on your land. After all, the lender is responsible for any cleanup costs if the property is contaminated – unless the lender first gets a Level 1 toxic report to keep on file.

5. Lenders Must Order The Appraisal

Never let a mortgage broker talk you into letting him order the appraisal. Only the lender can do that, or by law, the bank won’t be able to accept it.

6. Wait For The Term Sheet

A term sheet is a written declaration of interest by a direct commercial lender that comes with an estimate of the terms. While it is not binding, it is a very desirable document to have. Don’t agree to pay for an appraisal until you see a term sheet that has terms that are acceptable to you.

7. Location, Location, Location

Location is equally important when it comes to choosing a lender for business real estate. As a rule of thumb, local lenders have better deals than out-of-town lenders.

8. Use Your Deposit Relationship

If your company generates a high cash flow, you can use the promise of a deposit relationship to get a better deal. Promise to transfer all of your accounts to the bank that handles your business real estate. Smaller banks will especially appreciate the additional cash flowing into their coffers.

2007 – 2016 www.MortgageCalculator.org | Contact Us


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Tax – Tags Calculator for New – Used Cars #used #car #sales #tax, #tax

#

Tax and Tags Calculator

Find Your State’s Vehicle Tax Tag Fees

When purchasing a vehicle, the tax and tag fees are calculated based on a number of factors, including:

  • The county the vehicle is registered in.
  • The vehicle weight.
  • The type of license plates requested.
  • Whether or not you have a trade-in.
  • The state in which you live.
  • New car sales tax OR used car sales tax.

Calculating Sales Tax Summary:

Auto sales tax and the cost of a new car tag are major factors in any tax, title, and license calculator. Some states provide official vehicle registration fee calculators, while others provide lists of their tax, tag, and title fees. Find your state below to determine the total cost of your new car, including the car tax.

NOTE : Not ALL STATES offer a tax and tags calculator. (See below for states that do and don’t offer these services.)

In addition, CarMax offers a free tax and tag calculator for some states only. This calculator can help you estimate the taxes required when purchasing a new or used vehicle.

Anytime you are shopping around for a new vehicle and are beginning to make a budget, it’s important to factor in state taxes, titling and registration fees, vehicle inspection/smog test costs, and car insurance into your total cost. After calculating sales tax (depending on the new car sales tax rate), you may find your total fess have increased significantly.

A major part of the final cost of a new vehicle purchase can be the taxes you’ll need to pay and the registration/titling fees you’ll owe to your state’s Department of Motor Vehicles (DMV), Motor Vehicle Division (MVD), Motor Vehicle Administration (MVA), Department of Revenue (DOR), Secretary of State (SOS), or local county clerk’s office.

States with Online Tax Tag Calculators

The following states offer FREE calculators to help you determine sales and/or registration taxes:

To use the calculators above including the car payments calculator NJ, you’ll usually need to enter some basic information about the vehicle you plan to purchase. The information you may need to enter into the tax and tag calculators may include:

  • The vehicle identification number (VIN).
  • The make, model, and year of your vehicle.
  • The date that you purchased (or plan to purchase) the vehicle.
  • The date the vehicle entered (or will enter) the state you plan to register it in.
  • The type of license plates/registration you need for the vehicle.

If you experience any issues with any of the free tax and tag calculators above, please contact your state’s DMV. MVD, MVA, DOR, SOS, or county clerk’s office directly.

States with Tax Tag Charts Only

The following states provide TAX CHARTS INFORMATION (no calculators) to help you determine sales and/or registration taxes:

Generally, these lists/charts will be organized and broken down by:

  • Vehicle model years and weight classes.
  • Sales tax percentages.
  • Vehicle types and classification.
  • Titling procedures.
  • Duration of the registration.

If you need help interpreting your state’s chart or have questions about which category your vehicle will fall under, please contact your state’s DMV. MVD, MVA, DOR, SOS, or county clerk’s office directly.

Other Costs to Consider When Purchasing a Vehicle

In addition to your state’s sales, use and property taxes, and any DMV, MVD, MVA, DOR, SOS, or county clerk titling and registration fees, you’ll need to consider the cost and fees for the following aspects of a vehicle purchase:

  • Ordering a VIN check or vehicle history report.
  • Getting a vehicle inspection, smog check, or emissions test.
  • Buying car insurance.
  • Performing any maintenance or upgrades.

For more information about some of those topics, please visit our pages on:

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Online Business Valuation Calculator #grants #for #business


#business valuation calculator

#

Business Valuation Tool

Your Online Business Value Calculator

Do you know the value of your business? Would you know where to start in calculating its worth? So you can set a reasonable Asking Price.

ExitAdviser’s business valuation approach gives you the confidence to defend your Asking Price in front of any prospective buyer. That’s because it uses Discounted Cash Flow (DCF), the most widely respected method of valuing an ongoing, profitable business. It takes the expected future cash flows and “discounts” them back to the present day, to give a well-argued valuation.

Custom Business Valuation

Not quite confident with the results? ExitAdviser’s appraisal team can provide you with a custom Business Valuation Service

It’s well worth taking time to get your valuation right. Be sure to use actual financial data and considered forecasts that can de defended with rational arguments. For this reason ExitAdviser recommends that you take several attempts with the Business Valuation Tool until you feel happy with the result. Before setting your final Asking Price, compare the tool outcome with other valuation methods, including price comparison with other similar businesses listed on a variety of online business sale websites .

Disclaimer

Important Information. please read carefully before using this Tool.

The Business Valuation Tool (BVT), whilst using a robust, standard method to produce a guideline business valuation, is not the only way to appraise a business. Before you settle on the final Asking Price for your Sale Memorandum and campaign Landing Page. you are strongly advised to compare your results from the BVT with results from alternative methods, such as comparison with similar businesses listed on a selection of online business sale websites. ExitAdviser takes no responsibility for the accuracy of the numbers you enter into the BVT, nor for any misunderstanding you may have about the way the BVT calculates business value, nor for the consequences of using valuations calculated by the BVT when deciding your Asking Price. If you are in any doubt about the most realistic value for your business, you are strongly advised to seek professional assistance from your Accountant.

Terms and Conditions

Your Adviser’s Corner


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Free Office software #free #office #software, #business #program, #office #suite, #office #program, #free #office

#

Personal Information Manager, Database and Word Processor. Download TreePad and enjoy better access, organization and control over all your data, notes, bills, projects, clients, addresses, letters, speeches, research, collections, classroom notes, Web pages, links, bibliographic listings, and whatever else your creativity enables you to entrust TreePad with, for good organization, easy access, and safe storage.
Despite all its features and power, TreePad is as easy to use as the Windows explorer and will fit (including data) on one floppy!
Freeware, Shareware, Linux and Windows versions are available on www.treepad.com .
Created by Freebyte.

Fully customizable addressbook program for Windows XP, Vista, 2000, NT, 95, 98, ME. Freeware and shareware versions are available. Custom Addressbook is an easy to use, small, and extremely flexible Address Management program. Another advantage of its small size, is that the program and its database file can run directly from an external disk, such as a USB stick, floppy, etc. Some of the additional features: password protection, minimize to tray, data encryption, data compression, import, search, backup, non-western fonts, etc.
For more information, please see here. Created by Freebyte.

Free online clocks, free clock programs which you can install, clock screensavers, clock widgets for your Website or blog, alarms and timers, time-related utilities, free project and time-scheduling software.

Free general purpose calculators, calculator collections, scientific/technical calculators, currency conversion and exchange rates.

Free personal finance software, free accounting programs, free invoicing software and free accounting scripts.

Online Business Services
Free Financial Software

E-commerce services, virtual cash systems, payment processing services, check printing, business-to-business portals, online stock trading, currency converters, free accounting software, etc.

Free Software
created by Freebyte

Free Personal Information Managers, free File and Disk Utilities, free Address Books, free eBook Software and more. All created by Freebyte.com.

Free ebooks, free eBook authoring tools, free photo albums.

Free online dictionaries for a multitude of languages, free specialized dictionaries (medicine, business, sports, computing, construction. ), free thesauri, free online spellcheckers, language tools, language links, and more.

Online courses, education for kids, online university education, educational resources.

Work from home, start your own business, make money from your Website, join affiliate programs, get paid to take online surveys, get paid by reading email, get paid by surfing the Web, money making tutorials, earn revenue by placing ads on your Website, advertisement programs, get a fee to refer customers, receive commission for offering custom builds, etc.

Free programs to surf the Web, free email software, email virus protection, free newsgroup programs, free Internet chat, telephony and messaging applications, free telnet software, free firewalls, etc.

Free screensavers, cursors, ringtones and desktop themes. Free 3D screensavers, nature, funny and artistic screensavers, screensaver construction packages which don’t require any programming, and more.

A large listing of services that provide free but also non-free email addresses. Web based email, email forwarding, pop email, etc. Also: add email services to your domain.

Free images, icons,
clipart, backgrounds,
photos

Download images and clipart for free, royalty-free stock photographs, thousands of free fonts, free icons, free GIFs, animated GIFs, free backgrounds, wallpapers, etc.

Free images, bars, arrows, flags, animated gifs and signs for your Web page.

Freebyte Gallery:
Background Images

Free background images for your Web pages: stone, marble, metal, decoration, sky backgrounds, timber images, psychedelic, office, trees and plants, space and stars.

Free Paint Programs, Free Image Viewers, Free Photo Albums, Free graphics converters, 2-D Animation Software, 3-D / Animation software and more!

Free online encyclopedias, maps, satellite images, electronics, computing, physics, science, etc.

The latest News Headlines; a large collection of news sites: English (USA/UK), German, Spanish, French, Italian, Dutch, Russian, Chinese, Brazilian, Arabic, Scandinavian, weather, sports, science, showbizz, economy, Internet, computer, etc.


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Free Small Business Valuation Calculator #start #a #small #business


#business valuation calculator

#

Free Small Business Valuation Calculator. A Quick and Simple way to Value your Business online.

Ever wonder what your business is worth?

No need to spend time or money on a business valuation firm. Just enter in the information on our valuation spreadsheet and our software will calculate the value of your small business.

The formula we use is based on the Multiple of Earnings method which is most commonly used in small business valuation. The multiple is similar to using a discount cash flow, or capitalization rate used by top business valuation appraisers and top analysts. We�ve just simplified it for small business owners.

For a more personalized and in depth business valuation, we provide a free business evaluation and consultation! for local business owners who are thinking about selling their Business.

Disclaimer: This tool should only be used as a general indicator of value. There are other factors associated with the sale of a business that can impact the value of a business that only an experienced broker will be able to identify. Please contact us for a more personal evaluation of your business and for suggestions on how to prepare your business for the highest sale possible.


Tags : , , , ,

Small Business Loan Calculator – Dealstruck Term Loan Calculator #easy #business #loans


#business loan calculator

#

Small Business Term Loan Calculator

At Dealstruck, we believe that transparency in lending is simply good business. That’s why we created a simple-to-use term loan calculator for small businesses. If you are in the market for business financing, make sure that you investigate the real cost of a business loan, line of credit, or alternative funding option. Cost includes much more than the advertised interest rate – in fact, you’ll want to consider the origination fee, annual percentage rate, total of payments over the life of the loan, and more. And, at Dealstruck, we clearly define these loan terms through our Tru-Cost Loan Calculator to help small business owners make an informed decision.

Enter your desired loan amount and watch as our term loan calculator delivers easy-to-read figures that will help you determine how much you can afford and how much interest you are willing to pay, as well as the differences between our small business term loan and the typical high-cost merchant cash advance (MCA) and daily debit loans that are available on the market today. A term loan is simple to work with and easy to manage on a monthly basis. It provides a predictable method of financing equipment, managing major capital expenditures, and enhancing the purchasing power of your business. Instead of daily payments that can seriously impact your cash flow, our term loans require one simple monthly payment that fits well within a business’s budget.

Before you decide to secure business capital with a lender who may end up charging you an effective interest rate of over 80%, take some time with our complimentary small business Tru-Cost loan calculator and see just how beneficial a business term loan through Dealstruck can be! You’ll secure the financing you need, without sacrificing your hard-earned revenue to loan fees and high interest rates.

Copyright 2015 Dealstruck, Inc. | MyBusinessLoan.com, LLC
CA Finance Lenders License #603K266


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Commercial Mortgage Calculator #business #plan


#business loan calculator

#

Commercial Property Loan Calculator

Calculate Payments on Commercial Properties

This tool figures payments on a commercial property, offering payment amounts for P & I, Interest-Only and Balloon repayments — along with providing a monthly amortization schedule.

What You Need to Know About Commercial Property Financing

Obtaining a business real estate advance is a lot more difficult than getting a home advance, and you need to be prepared for a grueling process that has many twists and turns – and sometimes a surprise ending.

If you’ve never applied for a business advance before, you may be surprised by how picky commercial lenders can be. And then you have to consider how risky the process can be for you personally. In the event that your commercial lender turns you down at the last minute after the wheels have already started to turn, you might even have to declare bankruptcy.

You’ll need to pay appraisal fees and toxic report costs, and these don’t come cheap. If you are turned down and need to start a new application, you may have to pay for all of these third-party reports again. To make the game even riskier, there are many impostors masquerading as direct commercial lenders, and they are only interested in ripping you off to collect the exorbitant application fees.

In order to avoid a series of missteps that could land you in hot water, it’s best to understand the specific steps of obtaining a business real estate loan before you start looking for a suitable lender.

Firstly, it’s important to understand one of the fundamental differences between commercial property loans and residential mortgages. While home loans are typically backed by a government entity like Fannie Mae or Freddie Mac. loans for business properties are not.

As a result, the lenders charge higher interest rates and are hungry for lots of assurance.

Some lenders will go so far as to evaluate the borrower’s business model, as well as the commercial building that will serve as collateral. Don’t go into a commercial real estate lender’s office with the same expectations as you would when you’re applying for an advance secured against your primary residence. It’s a different ball game.

Meeting The Loan Repayment Terms

In the world of business real estate financing, lenders expect the borrower to repay the entire business advance earlier than the due date. They do this by including a balloon repayment stipulation. This means that the borrower pays on his 30-year mortgage as usual for a few years with principal and interest payments, and then he ll have to pay off the entire balance in one fell swoop, or one balloon payment.

But a balloon loan could be a recipe for disaster, especially if the borrower is not ready when the balloon payment comes due (usually after 3, 5, or 10 years). If this is the case, the borrower must refinance the advance. Remember that the lender is keeping one eye on the borrower’s business and cash flow. If it appears to the lender that the business is not doing well in the years leading up to the balloon payment, the lender may jack up the interest rate or flat out refuse to refinance. The prospect of the realty going into foreclosure is always a concern with balloon loans.

How Long Does It Take?

You should receive a preliminary answer or pre-approval the same day or the next business day, but this doesn’t guarantee that your loan will be approved. The lender needs 10 to 20 additional business days to run detailed financial reports and in-depth credit checks.

The loan is then scrutinized by underwriters, and these are seriously picky people. They want to meet you (and sometimes your business associates) before deciding if they should lend you money. Once the loan application has gained the approval of the underwriter, you just hammer out the terms and sign on the dotted line. Although many lenders boast that they can push a business loan through in 45 days or less, it usually takes closer to three months.

The Required Documents

Even before you apply for the advance, inquire about the necessary documentation. Some small businesses lack the kind of income documentation required for business lending, so it would be a waste of time to start the process in the face of insurmountable roadblocks.

Business property financiers need to see the last 3 to 5 years of tax returns and financial statements, including:

  • Corporate documents
  • Asset statements
  • Leases
  • Personal financial records

The more documentation required, the longer the advance approval process will take.

Watch Out For Hidden Costs

Don’t be fooled by a low interest rate if there are too many fees involved, including but not limited to legal fees, application fees, appraisal fees, and survey charges. It may seem confusing at times, but remember that points are percentages that the lender pockets off the top. If your interest rate is 9 percent with two points, the real cost of borrowing the money is 11 percent.

In some instances, these charges and hidden fees can add up to tens of thousands of dollars, so you need to find out if it’s likely you’ll be approved before you drop a small fortune on the application fees.

Banks vs. Non-Bank Lenders

Non-bank lenders (such as silent investors, for example) are usually less strict about their eligibility requirements, and many are willing to loan you money without including the early balloon repayment stipulation. In reality, these loans are just like home advances in that they offer you a steady repayment plan spread out over 20 or 30 years. However, they do carry slightly higher interest rates.

There are some other disadvantages to non-bank commercial property borrowing, namely the high expectations of the lender. If you don’t generate an anticipated profit, a nervous private lender may pull the plug on your funding. Until he sees a return on his investment, he may even start taking possession of items you posted as collateral.

The obvious advantage of obtaining your loan through a traditional bank is the rigorous reporting system it offers. If you make all your payments on time, your bank reports will reflect that. In turn, this will increase your credit rating and make it easier for you to qualify for loans in the future.

Top Tips For Business Property Borrowers

Here are the top tips for getting the most out of your commercial property loan:

1. Shop Around

Don’t rely on a single commercial lender. Instead, contact at least three different lenders. business lending is very subjective, meaning your eligibility is determined by someone who may or may not be fair. The more options you have, including both banks and non-bank lenders, the more likely you are to get approved.

2. Beware of Charlatans

Why would anyone pretend to be a direct commercial lender? To steal your application fees, of course! There are con men lurking everywhere, and the slick business real estate lenders who greet you with a contract in one hand and a pen in the other are to be avoided.

3. Be Prepared For a Long Wait

Commercial lenders, like home contractors, always exaggerate how quickly the work will get done. In fact, you can expect a three-month processing period, no matter what the lender promises.

4. Toxic Reports

You’ll have to provide a toxic report to the potential lender if you default on your payments and the lender forecloses on your land. After all, the lender is responsible for any cleanup costs if the property is contaminated – unless the lender first gets a Level 1 toxic report to keep on file.

5. Lenders Must Order The Appraisal

Never let a mortgage broker talk you into letting him order the appraisal. Only the lender can do that, or by law, the bank won’t be able to accept it.

6. Wait For The Term Sheet

A term sheet is a written declaration of interest by a direct commercial lender that comes with an estimate of the terms. While it is not binding, it is a very desirable document to have. Don’t agree to pay for an appraisal until you see a term sheet that has terms that are acceptable to you.

7. Location, Location, Location

Location is equally important when it comes to choosing a lender for business real estate. As a rule of thumb, local lenders have better deals than out-of-town lenders.

8. Use Your Deposit Relationship

If your company generates a high cash flow, you can use the promise of a deposit relationship to get a better deal. Promise to transfer all of your accounts to the bank that handles your business real estate. Smaller banks will especially appreciate the additional cash flowing into their coffers.

2007 – 2016 www.MortgageCalculator.org | Contact Us


Tags : , ,

Commercial Mortgage Calculator #business #card #designer


#business loan calculator

#

Commercial Property Loan Calculator

Calculate Payments on Commercial Properties

This tool figures payments on a commercial property, offering payment amounts for P & I, Interest-Only and Balloon repayments — along with providing a monthly amortization schedule.

What You Need to Know About Commercial Property Financing

Obtaining a business real estate advance is a lot more difficult than getting a home advance, and you need to be prepared for a grueling process that has many twists and turns – and sometimes a surprise ending.

If you’ve never applied for a business advance before, you may be surprised by how picky commercial lenders can be. And then you have to consider how risky the process can be for you personally. In the event that your commercial lender turns you down at the last minute after the wheels have already started to turn, you might even have to declare bankruptcy.

You’ll need to pay appraisal fees and toxic report costs, and these don’t come cheap. If you are turned down and need to start a new application, you may have to pay for all of these third-party reports again. To make the game even riskier, there are many impostors masquerading as direct commercial lenders, and they are only interested in ripping you off to collect the exorbitant application fees.

In order to avoid a series of missteps that could land you in hot water, it’s best to understand the specific steps of obtaining a business real estate loan before you start looking for a suitable lender.

Firstly, it’s important to understand one of the fundamental differences between commercial property loans and residential mortgages. While home loans are typically backed by a government entity like Fannie Mae or Freddie Mac. loans for business properties are not.

As a result, the lenders charge higher interest rates and are hungry for lots of assurance.

Some lenders will go so far as to evaluate the borrower’s business model, as well as the commercial building that will serve as collateral. Don’t go into a commercial real estate lender’s office with the same expectations as you would when you’re applying for an advance secured against your primary residence. It’s a different ball game.

Meeting The Loan Repayment Terms

In the world of business real estate financing, lenders expect the borrower to repay the entire business advance earlier than the due date. They do this by including a balloon repayment stipulation. This means that the borrower pays on his 30-year mortgage as usual for a few years with principal and interest payments, and then he ll have to pay off the entire balance in one fell swoop, or one balloon payment.

But a balloon loan could be a recipe for disaster, especially if the borrower is not ready when the balloon payment comes due (usually after 3, 5, or 10 years). If this is the case, the borrower must refinance the advance. Remember that the lender is keeping one eye on the borrower’s business and cash flow. If it appears to the lender that the business is not doing well in the years leading up to the balloon payment, the lender may jack up the interest rate or flat out refuse to refinance. The prospect of the realty going into foreclosure is always a concern with balloon loans.

How Long Does It Take?

You should receive a preliminary answer or pre-approval the same day or the next business day, but this doesn’t guarantee that your loan will be approved. The lender needs 10 to 20 additional business days to run detailed financial reports and in-depth credit checks.

The loan is then scrutinized by underwriters, and these are seriously picky people. They want to meet you (and sometimes your business associates) before deciding if they should lend you money. Once the loan application has gained the approval of the underwriter, you just hammer out the terms and sign on the dotted line. Although many lenders boast that they can push a business loan through in 45 days or less, it usually takes closer to three months.

The Required Documents

Even before you apply for the advance, inquire about the necessary documentation. Some small businesses lack the kind of income documentation required for business lending, so it would be a waste of time to start the process in the face of insurmountable roadblocks.

Business property financiers need to see the last 3 to 5 years of tax returns and financial statements, including:

  • Corporate documents
  • Asset statements
  • Leases
  • Personal financial records

The more documentation required, the longer the advance approval process will take.

Watch Out For Hidden Costs

Don’t be fooled by a low interest rate if there are too many fees involved, including but not limited to legal fees, application fees, appraisal fees, and survey charges. It may seem confusing at times, but remember that points are percentages that the lender pockets off the top. If your interest rate is 9 percent with two points, the real cost of borrowing the money is 11 percent.

In some instances, these charges and hidden fees can add up to tens of thousands of dollars, so you need to find out if it’s likely you’ll be approved before you drop a small fortune on the application fees.

Banks vs. Non-Bank Lenders

Non-bank lenders (such as silent investors, for example) are usually less strict about their eligibility requirements, and many are willing to loan you money without including the early balloon repayment stipulation. In reality, these loans are just like home advances in that they offer you a steady repayment plan spread out over 20 or 30 years. However, they do carry slightly higher interest rates.

There are some other disadvantages to non-bank commercial property borrowing, namely the high expectations of the lender. If you don’t generate an anticipated profit, a nervous private lender may pull the plug on your funding. Until he sees a return on his investment, he may even start taking possession of items you posted as collateral.

The obvious advantage of obtaining your loan through a traditional bank is the rigorous reporting system it offers. If you make all your payments on time, your bank reports will reflect that. In turn, this will increase your credit rating and make it easier for you to qualify for loans in the future.

Top Tips For Business Property Borrowers

Here are the top tips for getting the most out of your commercial property loan:

1. Shop Around

Don’t rely on a single commercial lender. Instead, contact at least three different lenders. business lending is very subjective, meaning your eligibility is determined by someone who may or may not be fair. The more options you have, including both banks and non-bank lenders, the more likely you are to get approved.

2. Beware of Charlatans

Why would anyone pretend to be a direct commercial lender? To steal your application fees, of course! There are con men lurking everywhere, and the slick business real estate lenders who greet you with a contract in one hand and a pen in the other are to be avoided.

3. Be Prepared For a Long Wait

Commercial lenders, like home contractors, always exaggerate how quickly the work will get done. In fact, you can expect a three-month processing period, no matter what the lender promises.

4. Toxic Reports

You’ll have to provide a toxic report to the potential lender if you default on your payments and the lender forecloses on your land. After all, the lender is responsible for any cleanup costs if the property is contaminated – unless the lender first gets a Level 1 toxic report to keep on file.

5. Lenders Must Order The Appraisal

Never let a mortgage broker talk you into letting him order the appraisal. Only the lender can do that, or by law, the bank won’t be able to accept it.

6. Wait For The Term Sheet

A term sheet is a written declaration of interest by a direct commercial lender that comes with an estimate of the terms. While it is not binding, it is a very desirable document to have. Don’t agree to pay for an appraisal until you see a term sheet that has terms that are acceptable to you.

7. Location, Location, Location

Location is equally important when it comes to choosing a lender for business real estate. As a rule of thumb, local lenders have better deals than out-of-town lenders.

8. Use Your Deposit Relationship

If your company generates a high cash flow, you can use the promise of a deposit relationship to get a better deal. Promise to transfer all of your accounts to the bank that handles your business real estate. Smaller banks will especially appreciate the additional cash flowing into their coffers.

2007 – 2016 www.MortgageCalculator.org | Contact Us


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Business Valuation Tool

Your Online Business Value Calculator

Do you know the value of your business? Would you know where to start in calculating its worth? So you can set a reasonable Asking Price.

ExitAdviser’s business valuation approach gives you the confidence to defend your Asking Price in front of any prospective buyer. That’s because it uses Discounted Cash Flow (DCF), the most widely respected method of valuing an ongoing, profitable business. It takes the expected future cash flows and “discounts” them back to the present day, to give a well-argued valuation.

Custom Business Valuation

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It’s well worth taking time to get your valuation right. Be sure to use actual financial data and considered forecasts that can de defended with rational arguments. For this reason ExitAdviser recommends that you take several attempts with the Business Valuation Tool until you feel happy with the result. Before setting your final Asking Price, compare the tool outcome with other valuation methods, including price comparison with other similar businesses listed on a variety of online business sale websites .

Disclaimer

Important Information. please read carefully before using this Tool.

The Business Valuation Tool (BVT), whilst using a robust, standard method to produce a guideline business valuation, is not the only way to appraise a business. Before you settle on the final Asking Price for your Sale Memorandum and campaign Landing Page. you are strongly advised to compare your results from the BVT with results from alternative methods, such as comparison with similar businesses listed on a selection of online business sale websites. ExitAdviser takes no responsibility for the accuracy of the numbers you enter into the BVT, nor for any misunderstanding you may have about the way the BVT calculates business value, nor for the consequences of using valuations calculated by the BVT when deciding your Asking Price. If you are in any doubt about the most realistic value for your business, you are strongly advised to seek professional assistance from your Accountant.

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