This calculator from Grovehaven Capital Group in Rock Hill, South Carolina estimates the payment on a loan to buy a business from the numbers you enter. What it returns is arithmetic rather than an offer, and funding partners set any actual rate and term.
Small Business Acquisition Loan Calculator for Rock Hill, SC Metal Fabricators
A metal fabricator buying a competitor's shop for an invented $360,000 with 20% down would finance $288,000. Illustration only, invented figures: over 84 months at an invented annual rate of 9.5%, the payment comes to about $4,707 a month (our arithmetic). Enter those invented figures to check it.
| Term | Monthly payment | Total interest | Total paid |
|---|---|---|---|
| 60 months | $5,190 | $61,375 | $311,375 |
| 84 months | $4,022 | $87,871 | $337,871 |
| 120 months | $3,167 | $130,027 | $380,027 |
Acquisition Calculator Inputs: Price, Down Payment, Rate and Term
- Amount financed: the purchase price minus your down payment and any seller note.
- Annual rate: from a real offer, or a range to test.
- Term in months: try two or three to see the trade-off.
A longer term lowers the payment and raises the total interest, as the table above shows.
Reading Business Acquisition Finance Calculator Results as a Rock Hill, SC Daycare Center
A daycare center buyer financing an invented $212,500 over 84 months at an invented annual rate of 9.25% would see a payment of about $3,446 a month (our arithmetic). The question to ask of that number is whether the center's past profit, after paying a director and the owner, covers it with room left over. If it does only with full enrollment, the payment is too tight.
What the Business Acquisition Finance Calculator Leaves Out
- Closing costs, legal fees and any lender fees.
- Working capital the business needs after closing.
- Seller notes and their payments.
- New license, permit and insurance costs.
- Taxes and any balloon payment.
Ask each partner for these. Business term loans explains acquisitions, and the web form starts a real request.
By Grovehaven Capital Group · Updated