Finding the right funding for a practice or business purchase can be a complex exercise and a loan is often the most straightforward route to securing the money you need.
The below calculator will provide you with a guide to typical repayments, however we would strongly encourage you to speak with the team here at FTA Finance who are adept at securing funding at competitive and flexible terms. This will be a confidential discussion with a member of our expert team to review your current circumstances and to run through the funding options open to you.
You may be able to arrange a higher level of funding than you first thought!
To speak to a member of our team please call 0330 088 1157 or email us.
Remember, you should only take out a loan if you’re sure that you’ll be able to pay it back, along with any interest. The initial size of a loan, the period of time you have available for repayment, and the interest rate you’re charged are all important factors in working out what you owe and when.
Please note, this calculator is designed for indicative use only, for loans where you repay the same amount every month and there's a set end date.
But every business is different, and the individual terms for each loan or finance product vary.
There are also many types of lending within business finance that our calculator simply can't tell you about, for example:
- Loans repaid as a percentage of revenue
- Overdraft alternatives
- Asset finance like equipment leasing
- Rolling facilities like invoice finance
If you're considering a loan or any other type of finance, get in touch with us on 0330 088 11 57.