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Beacon Funding Releases 3-in-1 Equipment Financing Calculator for iOS, Android

February 04, 2021, 07:15 AM
Filed Under: Industry News

Calculating an affordable equipment payment just got easier with Beacon Funding’s new and improved mobile app. Beacon released a new version of its 3-in-1 Equipment Financing Calculator App for both iPhone and Android mobile users.

Now available in both the App Store and Google Play, the Equipment Financing Calculator App helps businesses take the guesswork out of how much equipment they can afford. This powerful app provides equipment buyers and sellers with three unique equipment financing calculators: monthly payment, income tax savings and breakeven estimate.

“Equipment buyers typically have one common question when seeking financing: ‘What’s my payment?’ We designed this app to help them answer that question,” said Toby McDonough, President. “Busy business owners and equipment sellers can now quickly and effectively estimate equipment financing payments while on the go.”

With Beacon’s app, mobile users can easily navigate between three different calculator types:

  1. Monthly Payment Estimate: Users can calculate a low monthly payment for their equipment financing and compare it to a variety of term lengths (36, 48, 60, 72 or 84 months).
  2. Tax Savings Estimate: Users can calculate how much equipment financing can potentially save them on their next income tax return by estimating tax savings related to their equipment purchase.
  3. Breakeven Estimate: Users can calculate how much monthly activity their business needs to generate to cover their monthly payment. By comparing payments to anticipated income, a business owner can make sure they are not spending too much on their new equipment.

From within the app, users can easily share any calculation results with their team via email or text message. The Equipment Financing Calculator App also makes it easy to apply on the go, allowing users to get financing without having to take time away from running their business.

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