Why not subtract the loan interest when calculating the total investment cash flow?

First, why not subtract the loan interest when calculating the total investment cash flow?

In project investment decision-making, loan interest is not deducted when cash flow is measured under the assumption of complete investment, and all of them are treated as self-use funds. The main purpose is to meet the comparison of multiple investment schemes, but also to meet the investment decision-making needs of multiple investors.

First of all, when an investment project is feasible, such as a total investment of 6.5438+million yuan, investor A can invest with all its own funds, investor B only has 30% of its own funds, 70% relies on loans, and investor C has 50% of its own funds. The situation of investors is different, so it is impossible to make several or even dozens of feasible schemes for an investment project according to different investment capital structures. Investors should make plans according to their actual situation. Secondly, when there are different investment schemes for the same total investment, investors can choose the best scheme by comparing the net present value, yield and payback period of multiple schemes when using the unified assumption of total investment. Therefore, when calculating the cash flow of project investment under the assumption of total investment, only the capital movement of total investment is considered, and the specific forms of cash flow such as self-owned funds and borrowed funds are not specifically distinguished. Even if the borrowed funds actually exist, they are regarded as their own funds. 2. How to calculate the loan interest rate when the cash flow is irregular?

Regardless of the cash value method. There is no calculation formula.

Three. What is a regular cash flow loan?

Current loan is a conventional cash flow loan. According to the inquiry of relevant interest, it can be known that accounts receivable and inventory financing are the cash flows realized by related assets in the normal business cycle of the enterprise, and the current loan is a regular cash flow loan.

Four. What conditions do bank loans need to meet? Summary of operating loan rules of banks

1, mortgage loan for commercial property of China Merchants Bank

Product characteristics

(1) Taking the operating property as collateral, taking the rental income as the main repayment source, the loan term is long, and the repayment is made in installments, thus alleviating the pressure of one-time repayment for customers;

(2) The requirements for the borrower's financial status and operating cash flow are low, as long as the enterprise has a stable source of rental income;

(3) The funds have a wide range of uses, which can be used for decoration, payment of the balance of the project, repayment of other loans or purchase of new real estate;

2. China Industrial and Commercial Bank's real estate loans for small businesses

In order to fully meet the diversified financing needs of small enterprises and help them achieve healthy and sustainable development, ICBC has tailored the financing product of "small enterprise property loan" according to the characteristics of small enterprises, effectively alleviating the short-term financial pressure of such small and medium-sized enterprises.

Small business property loan is used to meet the borrower's original site expansion, decoration and daily maintenance of the property, or to replace other bank financing loans formed by the borrower's new construction, renovation, expansion and decoration of the above property. The loan amount does not exceed 30 million yuan; The loan term is generally 5 years, and the longest is 10 year.

Operating property assets refer to for-profit real estate that can obtain legal and stable operating income by operating the property, including commercial properties such as shopping malls (including shops and comprehensive commercial facilities), office buildings and hotels, and other industrial properties such as industrial workshops and storage facilities.

Operating income refers to the rental income, handling fee income and operating income generated by the borrower in renting or operating commercial properties, or the rental income and handling fee income generated by the borrower in renting industrial properties.

3. Operating real estate mortgage loan of China Agricultural Bank.

Functions and characteristics

Operating property mortgage loans can be used for the capital needs of the property during its operation. For self-built property, it can be used to replace debt funds and funds exceeding the prescribed proportion of project capital; For the purchased property, it can be used to replace the purchase price.

Operating real estate mortgage loans can be based on the needs of real estate owners, real estate rental income and real estate value to determine the loan period and loan amount.

Treatment process

The basic process of operating real estate mortgage loan is: customer application and acceptance → credit business investigation (evaluation) → credit business review, deliberation and approval → credit business implementation → post-loan business management → credit recovery.

4. Operating real estate mortgage loan of China Bank.

Product characteristics

1. The operating property used for mortgage must be a loan owned by the borrower, located in a prosperous business district, and used for renting out, with the rent collected as the repayment source.

2. The loan can be used for legal and compliant capital requirements within the company's business scope, including but not limited to debt replacement funds and funds exceeding the specified proportion of project capital.

3. The value of collateral must be appraised by Pinggu Real Estate Appraisal Company with the qualification of real estate appraisal institution above Grade II in the Measures for the Administration of Real Estate Appraisal Institutions promulgated by the Ministry of Construction.