Beacon Funding released a new version of its 3-in-1 equipment financing calculator mobile application for iPhone and Android users.

Now available in both the App Store and Google Play, the equipment financing calculator app provides equipment buyers and sellers with three equipment financing calculators for monthly payments, income tax savings and breakeven estimates.

“Equipment buyers typically have one common question when seeking financing: ‘What’s my payment?’ We designed this app to help them answer that question,” Toby McDonough, president of Beacon Funding, said. “Busy business owners and equipment sellers can now quickly and effectively estimate equipment financing payments while on the go.”

With Beacon’s app, mobile users can navigate between three different calculator types:

1. Monthly Payment Estimates: Users can calculate a monthly payment for their equipment financing and compare it to a variety of term lengths (36, 48, 60, 72, or 84 months).
2. Tax Savings Estimate: Users can calculate how much equipment financing can potentially save them on their next income tax return by estimating tax savings related to their equipment purchases.
3. Breakeven Estimate: Users can calculate how much monthly activity their business needs to generate to cover their monthly payments.

Users also can share calculation results with their teams via email or text message within the app.

Beacon Funding provides equipment financing solutions to organizations and businesses throughout the United States.