The definitive lineup of the web’s best business calculators

Small business owners and entrepreneurs can use the financing for start-up costs or to grow their business, but you need to know the exact cost you’re paying the lenders. Or maybe you want to evaluate your return on investment for a potential project. That’s where a small business calculator comes in.

The experts at Nav have compiled the best small business calculators available to you for free. Read on to learn how to use business calculators to better manage your finances.

business calculator

Running a small business is hard enough – using a business calculator takes a lot of the guesswork out of calculations for some business operations. You can find a business calculator that can help you determine exactly how much you’ll pay on the small business loans you’re eyeing or in deciding which project to pursue.

The terminology isn’t always straightforward when using a business calculator, so here are some terms that may help to get you started:

  • amortization: With a loan, an amortization schedule is basically the monthly payments you make on the loan to reduce its size over time. Most spreadsheets and accounting programs can calculate amortization for you.
  • Annual Percentage Rate (APR):APR is another way of saying interest rate. However, it is also typically more accurate than an interest rate because it includes the cost of fees.
  • repayment period: A repayment period indicates how long a loan runs or when it must be repaid. For example, you might have a two-year repayment period on a loan, which means it must be paid off in full within two years.
  • investments: The cost of purchasing, upgrading, or maintaining a physical business asset, such as a B. Equipment or property.
  • Weighted average cost of capital: If you look at the discounted cash flow calculator, the weighted average cost of capital is one way to find out how much it costs to invest in a company. Or in other words, it’s a way of determining the value of a company.

You may not need to know all of these terms, as not all apply to every calculator. And while business calculators can help you with the math, consult an accounting software or financial professional if you’re unsure. It’s best to feel secure about the financial health of your business.

Business Financial Calculator

Here are the best business loan calculators to help you run your business more smoothly and cost-effectively.

Cash Flow Calculator for Businesses

Cash flow is the difference between incoming and outgoing money. This is one of the most important metrics you need to use to run your business smoothly and understand your business value. Cash flow sounds very simple, but it can get complicated, which is why using a calculation tool can be so helpful.

Luckily, Nav has added new features to its cash flow tool, like projected monthly net income and change in net income month-to-month. Nav’s cash flow tool provides actionable insights you won’t get anywhere else – and all you have to do is log into Nav and connect your business checking account. We do the heavy lifting for you to calculate your cash flow details.

Calculator for the total interest on the loan

The business interest calculator you use to determine how much interest you pay depends on the type of financing you take out. If you’re looking to get a loan from an alternative or online lender, check out OnDeck’s APR calculator. This calculator can help with loans that require daily payments.

If you want to try invoice financing, you can also take a look at the helpful invoice financing calculator.

For more traditional term loans, you might find Nav’s APR Term Loan Calculator useful. Simply enter your loan amount, interest rate, any fees, number of years or months of repayment period, and monthly service fee. The calculator shows you the total cost of financing and your annual percentage rate. When applying for a small business loan, first make sure your business credit is up to date. First, check out the Nav guide on how to set up a business loan.

Loan Payment Calculator

Nav’s term loan APR calculator can also tell you what monthly payment to expect. Once you’ve entered your total amount borrowed and the interest rate, along with any fees and the length of your repayment period, you can see what you would pay immediately each month and how much you’ll pay over time. This pre-borrowing tool can be helpful to ensure you can afford your monthly payment before applying. You can also use these calculators for personal loans if that helps.

Discounted Cash Flow Calculator

Discounted cash flow is another way of measuring a company’s value and is primarily used by real estate or other investors to see if a potential investment is worthwhile. The math can get complicated, so Zion Bank offers a discounted cash flow calculation tool for exactly this reason. You enter your company’s expected annual growth, the weighted average cost of capital, and the number of years of cash flow you want to include, as well as the cash flow you get from operations and from investments. It’s always a good idea to check with a financial advisor if these numbers are unclear to you.

Breakeven Analysis Calculator

A break-even analysis can help you determine the volume of products or services you need to sell to breakeven on your spending. It can also help you figure out how much to charge per product. Financial services company Zoho offers a useful breakeven analysis calculator to help you find that point where you’re making more than you’re spending.

Business valuation calculator

Knowing your business valuation will help you understand what your business is worth and what you could sell it for if you wanted to do so in the future. Nationwide has a free business valuation calculator where you enter your current operating income, the percentage of annual growth you expect, and the number of years you expect to grow at that rate.

Return on Investment Calculator

You use your company’s return on investment calculation to find out how likely it is that you will make money on an investment or project. Real estate investors use this calculation before buying any new investment property, and managers can use it to see if a new project is worth pursuing.

Ameriprise Financial offers a free return on investment calculator that can help you compare projects to figure out which one to pursue next. You enter the number of years, the expected rate of return, how much you invest up front, and expected inflation and tax rates. For calculations you are unsure about, consult a financial professional.

Profit Margin Calculator

Profit margins tell you how much money you made from a product after subtracting the cost of selling your goods. Gross Profit Margin shows you the percentage of each sale over the cost of goods sold. Determining profit margins can be tricky, so Shopify offers a useful profit margin calculator to help you figure out how to price your products to maximize your profits.

Get a complete view of the financial health of your business

Business calculators can give you pinpoint ideas about how your business is performing and insights into next steps. But Nav can help you see the bigger picture. With features like the cash flow tool, actionable insights, and personalized funding recommendations—for business credit cards, business loans, and more—you can analyze the overall financial health of your business and grow in meaningful ways. Sign up for Nav to get started today.

This article was originally written on October 27, 2022.

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