Strategic funding for Anya's growing medical practice.
Dr. Sharma, a 35-year-old physician with $280,000 in student loans and an AGI of $350,000, wants to add a new wing to her practice, projecting a cost of $350,000. Her current business savings are $200,000, leaving a funding gap she needs to precisely determine and strategically address, considering her existing debt obligations and personal investments.
Using the Additional Funds Needed Calculator, Dr. Sharma inputted her projected expansion cost ($350,000) and available funds ($200,000), instantly revealing a need for an additional $150,000. Then the Debt Service Coverage Ratio Calculator was used to determine if the practice generated sufficient cash flow to handle an additional $150,000 loan. Finally, the Tax Equivalent Yield calculator showed Anya the benefits of tax-advantaged accounts to reduce the amount she needs to borrow by showing how much extra after-tax dollars are needed to equal the benefits of tax-advantaged investments.
The Additional Funds Needed Calculator directly subtracts available funds from projected costs, providing an immediate and actionable funding gap figure. This result seamlessly integrates with our other calculators for comprehensive financial planning.
$150,000 funding gap identified, enabling targeted financing strategy and potential practice revenue increase of 20% within two years.
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