Business Plan Question

Discussion in 'Accounts & Finance' started by Joe E, Mar 30, 2009.

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  1. Joe E

    Joe E UKBF Enthusiast

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    In the Profit and Loss projections how do you know how to calculate a repayment figure from a lender if you haven't approached them yet e.g if you wanted borrow £6k so therefore factor in under the cost of sales a figure to cover the repayment.
    So how would you do this becuase you don't know the rate of interest and/or other conditions that might apply how can you show this whilst presenting your plan.

    Kind Regards

    Joe E
    Posted: Mar 30, 2009 By: Joe E Member since: Oct 24, 2007
  2. Gillie

    Gillie Verified Business ✔️

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    Head to and use their loan calculators. You can get an idea of what interest rates are being charged and as you know your credit history and we don't, use that knowledge to make an educated guess as to what interest rate bracket you would fall into then go do the sums!
    Posted: Mar 30, 2009 By: Gillie Member since: Apr 12, 2006
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  3. Zeno

    Zeno UKBF Legend

    4,498 1,223
    Only interest on loan repayments is shown on profit & loss projections. The capital element would only be included in your cash flow forecasts.
    Posted: Mar 30, 2009 By: Zeno Member since: Jun 12, 2008
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