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Enhanced Financial Feasibility Tool

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The Enhanced Financial Feasibility Tool is a comprehensive solution designed to help potential borrowers assess their financial readiness and likelihood of qualifying for a loan. By combining personal and business financial details with loan purpose and collateral inputs, this tool evaluates the user's overall financial strength, identifies potential issues, and provides actionable insights to improve their feasibility for a loan.

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Instructions for Use

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  1. Input Loan Purpose Details:

    • Enter amounts for Working Capital, Real Estate Purchase, Equipment Purchase, Marketing, Inventory, and Debt Refinancing.

    • These fields collectively calculate your total loan amount.

  2. Provide Personal Financial Information:

    • Enter the current market value of personal real estate and your mortgage balance to calculate equity.

    • Include details for checking accounts, savings, retirement accounts, vehicles, and other assets.

    • Input personal liabilities like credit card debt and other loans.

    • Specify your monthly income and expenses to calculate your personal cash flow.

  3. Provide Business Financial Information:

    • Enter current monthly revenue and expenses for your business.

    • Add expected monthly revenue increases and cost savings for a complete financial picture.

    • Include business liabilities such as loans and credit lines.

  4. Add Existing Collateral Details:

    • Provide the market value of real estate, equipment, and other business assets being used as collateral.

  5. Enter Loan Details:

    • Specify the interest rate and loan term to calculate the monthly payment.

  6. Generate Results:

    • Click "Calculate Feasibility" to view the results.

    • Review details about financial strength, cash flow, collateral adequacy, and likelihood of qualifying for the loan.

Explanation of Results

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  1. Total Loan Amount:

    • Displays the calculated loan amount based on user inputs.

  2. Personal Financial Strength:

    • Evaluates your personal financial position and ability to contribute to loan payments.

  3. Business Financial Strength:

    • Assesses the business’s financial health and ability to generate sufficient cash flow.

  4. Combined Financial Strength:

    • Combines personal and business cash flows to provide a holistic view of your financial readiness.

  5. Net Combined Cash Flow:

    • Shows your total available cash flow after accounting for expenses.

  6. Monthly Loan Payment:

    • Displays the expected monthly payment based on the entered loan amount, interest rate, and term.

  7. Possible Collateral Shortfall:

    • Identifies any gaps in collateral coverage compared to the loan amount.

  8. Likelihood of Qualifying for the Loan:

    • Provides an assessment of how likely you are to qualify for the loan based on cash flow and financial metrics.

 

Disclaimer

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This tool is designed for informational purposes only and should not be construed as financial, legal, or tax advice. The results are estimates based on user-provided data and may not reflect actual loan terms or approval decisions. For personalized advice, we recommend consulting with a qualified financial advisor or lender.

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