Acquisition Costs and Required Financing

Item
Truck
Crane
Outriggers
Pump
Truck bed
Total
90% of Price
10% Self Financed
Other Costs
Installation
Delivery
Sales Tax
License
Total Covered By Bank
Total Not Covered by Bank

Using the Bank

Value of Loan
Discounted at 12%

$32,100.00
$31,165.05

Cost of Using Bank

$934.95

Acquisition Costs and Required Financing

Cost
$73,000.00
$67,000.00
$12,500.00
$8,000.00
$5,000.00
$165,500.00
$148,950.00
$16,550.00
Other Costs
$1,500.00
$1,500.00
$12,338.00
$1,000.00
$148,950.00
$32,888.00

Using Factor
Accounts Receivable < 60 Days Overdue
Accounts Receivable < 60 Days Overdue
Amount provided (80% of AR <60 days)
Fee (Collection Fee)
Fee (20% Fee for AR < 60 Days)

$40,500.00
$13,000.00
$32,400.00
$3,250.00
$8,100.00
$11,350.00

Cost of Using Factor