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Product Focus: Estimated Serviceability calculator

Checking affordability scenarios using our Estimated Serviceability calculator

Ollie Maitland Oct 20, 2020

A business thinking about the future will inevitably need to consider how to get there - from product development to how to “go to market” and, crucially also how much all of this will cost. 

Image source: Float app

Whether they do this on the back of an envelope, in Google Sheets/Excel or in a robust cash flow building tool such as Float, Spotlight or Futrli Predict, at some point the scenario will need to meet reality.

Our capital advisory platform is connected with over 100+ lenders and we’ve handled tens of thousands of offers. With that knowledge we’ve introduced our Estimated Serviceability component integrated into the funding search journey.

 

Powered by cloud accounting financials

Whether Xero, QuickBooks or Sage cloud accounts has plenty of useful history to start to build a picture of a client’s affordability - so we’ve extended our usage of it to affordability calculations.

Steps:

  1. After you’re created a funding search use the “Pre-fill application” feature
  2. Connect to Xero, QuickBooks or Sage Business Cloud
  3. See information in Trader History and other sections complete
  4. See Estimated Serviceability populate
  5. Check the numbers 
     

Estimated Serviceability in action...

 

 

Five ways affordability can affect your client

  1. Amount
  2. Term of the loan
  3. Dividends
  4. Repayments
  5. Interest rate

 

 

Keep up with what's going on...

 

If you'd like to find out more about capital advisory, funding, debt recovery and/or Capitalise, we're running regular web sessions, UK market briefings, motivational presentations by thought leaders outside the accounting realm and more. 

 

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