PRIORA® DEBT MANAGEMENT SUMMARY
At Priora® we believe:
You are very committed to the success of your business.
You are searching for a method to truly understand and manage the cash flow of your business.
You would like to have a better understanding of the debt structure of your business.”
Our vision for you is: “Applying Financial Literacy®”
At Priora® we recognize that debt is the largest single burden on the cash flow of any business – or family. We also believe you can manage that debt to best serve your needs. When debt is under control, we all tend to sleep better at night.
Priora® Debt Management System provides the user with the ability to evaluate the impact of debt on the cash flow of their business. Works for family debt, too! The user can experiment with many variations of debt to arrive at the debt structure that suits your needs – before you go to the bank!
Using the Amortization Calculator you can determine the real cost of any loan, adjust the payment to shorten or lengthen the term of the loan, and determine the real impact of an interest rate on the overall cost of any loan. Priora® Debt Management Summary also will consolidate loans using two different but effective approaches. The first uses a weighted average interest rate for all loans being consolidated, calculated by the system. The second uses a combination of the weighted average interest rate and the weighted average remaining amortization for all loans. This is usually most beneficial because it reduces the monthly payment without increasing the interest cost to the borrower.
A reduced monthly payment means more working capital available for the business.
PRIORA® DEBT MANAGEMENT SUMMARY FEATURES:
Monthly Payment
Enter the loan information in the columns beginning with Original Amount. The Monthly Payment will be calculated. You can enter up to twenty loans/credit cards. Read More
Weighted Average Interest Rate
Using the Import/Delete buttons in the far right column, transfer any or all of the loans entered on the first slide. At the bottom all the loans appearing on this slide will be consolidated in a new loan as Option 1 – using weighted average interest rate only. Option 2 presents the new loan using weighted average interest rate AND weighted average of the remaining number of months in the Remaining Loan Amortization column. Read More
Total Loan Summary
This presents the total cost of the loan based on the Loan Variables appearing in the upper left corner. The total cost of the loan appears in the Total Loan Summary in the upper right corner. The complete amortization of the loan appears in the Detail Schedule. Amortizations can be as long as 480 months. Read More
