Enter the price, an optional down payment, a rate from a quote and a term in months. Below the tool are four worked examples for White County, AR buyers: a physician office, an auto repair shop's tire machine and balancer, a therapy equipment package and a store's cooler and display package.
Equipment loan calculator for Searcy, AR physician offices
An equipment loan payment depends on four inputs, and the tool takes all four. Illustration only, invented figures: a Searcy, AR physician office buys a used ultrasound and exam-room package for $46,000, puts $4,600 down and finances the rest over 48 months at an annual rate of 9.25%. The tool shows a payment of about $1,035.16 a month, about $8,288 of interest, and a total cost of about $54,288 including the down payment.
Used medical equipment can be financed, but partners may ask for the age, the service record and a dealer's refurbishment certificate. Enter the term the partner actually offers, not the one you hope for; a shorter term on an older unit raises the payment and lowers the total interest.
| Purchase | Price | Down payment | Annual rate and term | Monthly payment | Total interest | Total cost incl. down payment |
|---|---|---|---|---|---|---|
| used ultrasound and exam-room package | $46,000 | $4,600 | 9.25% over 48 months | $1,035.16 | $8,288 | $54,288 |
| used tire machine and wheel balancer | $21,400 | $0 | 10.5% over 36 months | $695.55 | $3,640 | $25,040 |
| therapy equipment package | $88,000 | $8,800 | 9.75% over 84 months | $1,304.61 | $30,387 | $118,387 |
| refrigerated display and cooler package | $64,000 | $6,400 | 8.5% over 120 months | $714.16 | $28,099 | $92,099 |
Shop equipment financing calculator: how it works for Searcy, AR auto repair shops
A tire machine and wheel balancer stand on the shop floor and can be moved, which affects how a partner treats them. Illustration only, invented figures: a Searcy, AR auto repair shop buys a used tire machine and wheel balancer for $21,400 with no down payment, over 36 months at 10.5%. For that entry the tool shows roughly $695.55 a month, with about $3,640 of interest by the final payment.
Because a tire machine can be taken back and resold, a partner can treat it as equipment and price or term it on that basis. Building systems such as heating and cooling are property work this site does not cover. If the shop rents its building, the lease may also say who owns anything fixed to the building at the end; ask the landlord before signing.
Therapy equipment financing calculator for Searcy, AR physician offices
Greenford Advances arranges business funding only, so a purchase for a home is outside this page, and construction work inside a practice is property work outside this site. Illustration only, invented figures: a Searcy, AR physician office buys a movable therapy equipment package for $88,000, with $8,800 down, over 84 months at 9.75%. The tool returns about $1,304.61 a month, about $30,387 of interest, and about $118,387 in all.
A package like that is movable equipment, so a partner may review it as equipment financing or as a term loan. The payment arithmetic is the same either way, which is why the tool still applies.
Store equipment financing calculator for Searcy, AR retailers
Illustration only, invented figures: a Searcy, AR retailer buys a refrigerated display and cooler package for $64,000, pays $6,400 down and finances the rest over 120 months at 8.5%. The tool shows about $714.16 a month and about $28,099 of interest over ten years.
The tool does not estimate power savings, tax credits or depreciation, and this page makes no claim about any of them. A store weighing an energy-saving cooler should get the savings estimate from the seller in writing, have its tax adviser check any credit, and then compare the monthly payment with the savings it can document.
Once the illustrative payment looks workable, the Greenford request puts the purchase in front of a funding partner, which sets the real terms.
A records checklist and a short business plan outline for the same purchase are with the guides.
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