A payment calculator with a card-sales advance worked out line by line, the official City of Hanford, CA and Kings County, CA websites, the Census tables behind the site, and an invented stock order priced three ways.
A Loan Payment Calculator Beside a Card-Sales Advance Worked Out Line by Line
The merchant cash advance calculator page does two separate jobs. Its calculator takes an amount, an annual rate and a term in months and returns an estimated monthly payment, the interest over the term and the sum of the payments. Beside it, the page works an invented gas station store advance by hand from four numbers:
- the advance amount the business receives
- the factor, which sets the fixed total the provider collects
- the holdback, the share of each day’s card sales collected
- the daily card sales the business takes in
- the number of days the collection runs, from those four
- the dollar cost of the advance, compared with a loan payment for the same amount
An advance has no interest rate of its own, so the page states its cost in dollars and days. Any real figure comes from a funding partner’s offer.
Official Websites and Census Tables Behind This Site’s Figures
Questions about a city or county rule go to the office that sets it. These are the official starting points, plus the Census programs every count on this site comes from:
- City of Hanford, CA official website: ci.hanford.ca.us
- Kings County, CA official website: countyofkingsca.gov
- County Business Patterns 2023: employer establishments, paid employees and payroll for Kings County, CA
- ZIP Code Business Patterns 2023: employer establishments with a ZIP 93230 address
- Nonemployer Statistics 2024 and the American Community Survey 2020-2024: businesses without paid staff and self-employed residents
Employer and nonemployer counts come from different programs and different years, and each is shown on its own.
One Stock Order at a Hanford, CA Home-Goods Store, Priced Three Ways
Illustration only, invented figures: a Hanford, CA home-goods store places a $14,780 order of cookware and small kitchen appliances ahead of a sales event. The invented table below sets the same order against three payment shapes. The rates are invented for the example; a funding partner sets real ones.
| Option | Annual rate | Monthly payment | Total paid | Interest |
|---|---|---|---|---|
| Term loan, 6 months | 14.37% | $2,567.60 | $15,405.60 | $625.60 |
| Term loan, 9 months | 14.37% | $1,742.11 | $15,678.99 | $898.99 |
| Credit line draw repaid over 4 months | 15.11% | $3,812.04 | $15,248.16 | $468.16 |
In this invented example the four-month draw costs the least interest, $468.16, but asks for $3,812.04 a month; the nine-month loan asks for $1,742.11 a month and costs $898.99. Which shape fits depends on how many weeks the cookware takes to sell, which the store can judge from its own sales history.
By Orchardstone Lenders · Updated
