# loan factoring modeling in excel

Excel loan calculator for merchant cash advance (factoring) that allows me to do the following:

enter term in days (weekdays only, no federal holidays)

use money factor rather than interest rate (ex. 1.29 instead of 29% apr)

allow me to calculate funds out is I start another loan of the reuse of the receivables in from existing loans

be able to enter servicing % or fee for each loan/advance

be able to enter management % or fee for each loan/advance

allow to enter a bad debt % based off of previous loans (to model out or project actual payback)

calculate IRR over 18months

The idea is to loan/advance a customer #1 \$10,000 @ 1.29 = \$12,900. Have them pay back in 100 days (or 5 months if you calculate 20 business days per month). The payment would be \$129 per day (\$100/day in principal and \$29/day in interest). So if a customer has had the loan for 39 "payment" days (or approximately 2 months) then they would have paid \$5,031. That means I can "redeploy (or loan/advance a different customer) Customer#2 \$5,000 @ 1.29 for 50 (or X number of) days = \$129/day. If you add customer #1 \$129 with customer #2 \$129 that means we are at \$258/day. So in 20 "payment days (or 1 month) we can loan customer #3 \$5000. And the cycle continues. The maturity date starts from the initial loan/advance to customer #1. That means regardless of how many "redployments" we make all the money needs to be back in the bank by the 18th month. Also, we want to be able to inject additional cash at anytime. Meaning if the payment for customer #2 and customer #3 is \$258/day; after 20 days we have \$5k. If we were to add \$10k to that, we could loan/advance customewr #4 \$15k.

I have an example of what I'm looking for. It was built off of a mortage calculator.

Skills: Accounting, Data Entry, Data Processing, Excel

( 0 reviews ) United States

Project ID: #15491966

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polarjin2017

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ReneRondon

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