Lending Solutions for Nonprofits, NGOs, and Public Utilities
It’s no secret that structuring loans is a complex task. It is no wonder that organizations that are in the business of lending money have teams of loan “specialists” whose task it is to structure loan terms to meet specific goals.
But what about organizations that do lending, but whose primary mission is not financing? Non-profit organizations, non-governmental organization, and public utilities are just a few examples of organizations that lend money, but whose primarily mission is not lending money.
Replicating Loan Terms and Comparing Different Schedules
Earlier this month we released the latest version of AMCalc. The AMCalc 1.6 release adds two new features that make loan processing faster and decision making easier. In this post I will go over these new features and discuss some specifics on how each can be used.
Balloon Payments Demystified
Loans with balloon payments can be confusing. It’s not so much that the structure or calculations for them are complex. The confusion is because the Internet is loaded with blogs and articles that use varying terminology for them. In this post, I will try to sort this confusion out for you and explain some of the different loan payment schedules that AMCalc generates that can have a balloon payment.
Generating Interest Only Loan Payment Schedules with AMCalc
One type of loan payment schedule that AMCalc calculates is for interest only loans. As the name suggests, these loans are calculated with payments that only cover the interest on the loan principal for one or more payment periods. In other words, no loan principal is paid off during these interest only periods.