Boldmoor Financial of Lumberton, NC offers this loan payment calculator for buyers of stores, restaurants, practices and motels. From the amount, rate and term entered, it works out the monthly payment, the interest in total and the sum repaid. Valuation, eligibility and debt coverage are explained by hand below.
What the calculator does, and what it leaves out
Enter the amount you would borrow, an annual rate you are weighing and a term in months. The result is the monthly payment, the total interest and the total repaid. It does not value a business, test eligibility or compute debt coverage; those are worked by hand below.
How to finance a small business acquisition?
A purchase can be funded in layers: the buyer's cash down payment, a term loan, and sometimes a seller note. Partners read the seller's tax returns and bank statements, the purchase agreement, and the buyer's own experience and credit.
Illustration only, invented figures: a $350,000 price with $70,000 down leaves $280,000 to finance. Over 120 months at 10 percent a year, the calculator would show about $3,700.22 a month.
Veterinary practice acquisition loans
A veterinary practice purchase is read on the practice's revenue, client base and equipment. Illustration only, invented figures: $180,000 over 84 months at 9 percent a year is about $2,896.03 a month. Equipment-heavy practices may split the equipment into equipment financing.
Business acquisition loan interest rates around Lumberton, NC
No rate is quoted here; partners set rates from the business bought, the buyer and the structure. Enter more than one rate in the calculator to see how the payment and total interest move, then compare actual offers by their totals.
DSCR loan for business acquisition, explained for Lumberton, NC owners
Debt service coverage compares the business's yearly cash available for debt with its yearly loan payments. Illustration only, invented figures: if the business has $52,000 a year available and the loan above costs about $44,403 a year, coverage is 1.17. Partners set their own thresholds; this site publishes none.
Getting funding for a business acquisition: how it plays out in Lumberton, NC
- Get the seller's last two or three years of tax returns and recent bank statements.
- Agree on a price and terms in a letter of intent.
- Work out the down payment and run the payment in the calculator.
- Send the request with the purchase details.
- Compare any offers by total cost.
Business acquisition loan calculator for owners in Robeson County, NC
Station and store purchases are common uses; read the gas station loans page for what a station buyer gathers, or the other guides for county listing and permits.
By Boldmoor Financial · Updated