What borrowing really costs – and whether your business can afford it
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Lenders quote borrowing in different ways – a nominal rate, a margin over base, a flat rate, a monthly rental, a service fee as a % of turnover – which makes it hard to tell which option is really cheapest. This workbook puts every kind of business borrowing on the same footing. It builds a full schedule for a loan (with holidays, balloons, variable rates, fees and early repayment) and works out the true APR, compares up to four loan offers, costs an overdraft from your actual bank balances, compares factoring and invoice discounting with an overdraft and a loan, turns asset finance quotes into a true interest rate, and tests whether the business can afford the lot.
See how it works
The sheets you will use most, in the order you will use them – shown with the sample data every workbook comes with.
Step 1
One loan in full, with results, a plain-English summary and a chart. What you do: fill in the yellow cells, the base-rate path and the ERC table.
Step 2
Month-by-month schedule and a year-by-year summary. What you do: nothing to enter.
Step 3
Four offers side by side with a total cost chart and balance chart. What you do: enter the offers.
Step 4
Overdraft inputs, a month-by-month cost table and the effective rate. What you do: enter the facility details; monthly balances if not using daily.
Who it is for
Quick start
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We can adapt any prebuilt solution or build something bespoke, with a lifetime bug-free guarantee.
Part of AML Finance Group
Our sister firm, AML Accountancy Solutions, is an award-winning accountancy practice helping businesses and individuals across the UK with their accounts, tax, bookkeeping and payroll.
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