Free tool
Liquor store loan calculator
Estimate your payment and see whether your store's cash flow supports it, the same way a lender would.
Profit plus depreciation and interest, minus a reasonable owner salary.
- Weekly equivalent
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- Total interest
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- Total of payments
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- Debt service coverage
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Estimates only. Assumes a fully amortizing loan with fixed payments and excludes fees. Not an offer of credit.
How to use this calculator
Enter an amount, an assumed rate, and a term. If you know your store's annual cash flow available for debt payments, add it to see your debt service coverage ratio (DSCR), the number lenders use to judge whether a payment is affordable.
What DSCR do lenders look for?
| DSCR | What it means |
|---|---|
| Below 1.00x | Cash flow doesn't cover the payment. Borrow less or use a longer term |
| 1.00x – 1.24x | Tight. Workable in some cases, but there's little cushion |
| 1.25x – 1.49x | Generally acceptable to most lenders |
| 1.50x+ | Strong. Puts you in a better position on rate and terms |
Term matters as much as rate
For a thin-margin, high-volume business, the length of the term changes your payment far more than a point or two of rate. Try switching between 12, 24, and 36 months above. And compare any offer against what a merchant cash advance would really cost you.