Microloans are often associated with funding projects in developing countries, but they also help small business owners in the United States. For example, Accompany Capital focuses on providing microloans to women and minority entrepreneurs. This will streamline the loan application process and ensure that you receive your funds quickly.

Working Capital Calculator

Working capital is a measure of your business’s short-term liquidity. It is calculated by netting current assets and current liabilities from a company’s balance sheet. This metric is important because it shows whether a company has sufficient resources to pay its short-term debts or if it would need to liquidate all current assets in order to do so. Before you apply for a 소액대출, gather the necessary information.  The formula for net working capital is quite simple. It’s simply the total of your inventory value, accounts receivable inventory from customers, rebates from suppliers and payables to them – minus the sum of all short-term debt payments or the current portion of long-term debt payments.

You may also hear it referred to as days working capital, which is a similar metric that subtracts your current liabilities from your current assets over a period of time. It is an important metric that lenders use to assess the ability of your business to repay a loan. However, it’s not something you should aim for all the time, as too much working capital could actually hurt your business.

Credit Card Calculator

Credit card debt happens, but it doesn’t have to last forever. Getting clear about how much you owe, and when you’ll pay it off, is the first step toward eliminating your debt. This calculator helps you see the numbers clearly and formulate a plan to eliminate your debt quickly. To use this calculator, enter the following information:

Once you have entered these details, the calculator will show how long it will take to pay off your balance using minimum payments. It will also show you how much total interest you will have to pay. Using this information, you can decide whether you want to focus on paying down your credit card balance by reducing spending or by consolidating with a personal loan. By budgeting for more than your minimum monthly payment, you can reduce your balance even faster and save thousands of dollars in interest charges.

Personal Loan Calculator

Personal loans can be a great way to finance large purchases or cover financial emergencies. But they come with monthly repayments and interest costs that should be taken into consideration. This calculator shows you how much you would have to pay each month, based on your loan amount, term in years, and interest rate. The bottom-row fields show you the total monthly payment and the proportion of each payment that goes towards principal and interest, if you have entered any extra payments.

Enter values for these fields and the 금융계산기 will compute your EMI (equated monthly instalment) and balance loan amount at the end of the loan tenure. It also displays an amortization table that illustrates the break-up of each EMI across the term, with early instalments contributing primarily towards interest and later ones paying more toward principal. This is an important tool to have, as it allows you to plan prepayments wisely to extract the maximum benefit of interest savings.

Cash Flow Calculator

Regularly calculating your business’s cash flow can help you avoid running into trouble with debt and credit card payments and give you a clear picture of where the money is coming from and going to. Net cash flow is the difference between a company’s total cash inflow and cash outflow for a given period. Having enough cash is essential for keeping a small business going, as it ensures that the company can pay its current obligations such as payroll, accounts payable and loan payments.

The XIRR function is an iterative search process that starts with the desired internal rate of return (IRR) — specified as a guess argument — and then vary this value by one less than the number of cash flows to find the best value. It is important to remember that cash inflows are entered as positive numbers and outflows as negative numbers.

What’s Next?

Microloans can give startups and existing businesses a boost. They often have lower rates than traditional business loans and come with guidance or assistance. Often, they’re available for groups that have traditionally struggled to access capital, including minorities, women, and communities in the developing world. They may also have lower credit score requirements than traditional business loans.