This is not a repayment calculator.
Four facilities, each priced on the mechanics it uses, from figures drawn out of our own completed lending. Pick one, type in an amount, and you get a monthly cost from lower to higher. Nothing else happens.
A rough cost check, before you speak to anyone.
Built from real day-to-day funding cases, not generic market rate cards. Nothing is verified and nothing is recorded. Just numbers grounded in what we have actually placed.
Four facilities, four different calculations.
Most tools in this market run one formula and change the label on it. These facilities do not behave the same way and they are not priced the same way, so Foresight runs each one on its own model.
Short-term loan
Reducing balance. Interest is charged on what is left outstanding, so the cost falls as the balance does.
Term loan
The same calculation over a longer term, priced annually instead of monthly.
Credit line
The cost is fixed at the point of drawdown and taken out of the facility, not added on top. Repaying early does not reduce it, because there is nothing left to unwind.
Credit card
Priced by the day, so Foresight shows what one day costs. Draw for four days and you pay four days.
Where the numbers come from
Our own book. Not a rate card, not a market average, and not the cheapest thing we have ever seen.
Eight years of what was placed, what completed, and at what cost. And just as importantly, what was declined and where it fell over. Declines are the half of the data almost nobody keeps, and they tell you where the edges sit.
Built in-house. That is the part most brokers cannot do, because it requires having placed and lost enough cases for the figures to mean anything.
The ranges are reviewed against live lender pricing as the market moves, because appetite shifts and a figure that was right in March is not automatically right in September.
You see two numbers, a lower and a higher. Where a business lands between them depends on the things Foresight cannot see, and that is most of them. The real figure can come back below the lower one or above the higher one. Most tools in this market only ever show you the best case.
What it will not do
- It will not tell you whether you qualify
Foresight prices an amount. It does not assess a business, and it has no idea who you are.
- It is not a quotation and not an offer
The real number comes after somebody has read your statements, and it can move in either direction.
- It does not take your details
No name, no company, no contact details. Nothing is recorded and nobody calls you.
- It does not show you a rate
Only the cost in pounds. A rate on its own tells you very little and is the number most often used to set an expectation that does not hold.
This market sells dreams. We sell reality, whether you like it or not.
Why it exists at all
Almost every site in this market leads with a headline rate. It is the lowest number the broker has ever seen, it belongs to a business nothing like yours, and it is there to start a conversation rather than to inform one.
Then the statements get collected, the real figure arrives, and the expectation that was set at the start is the reason the case falls over. In our own book, terms not being accepted kills more business loans than credit declines do.
Foresight is the honest version of that number. It is what we can tell you before we have seen anything, and it is built from cases that actually completed.
Once you have a figure, the next step is six months of statements. That is where the estimate turns into a real figure.