A free online calculator from Eagle Capital allows truckers to keep track of their expenses by month, year, or mile, detailing the cost to operate their business and how much they must earn to cover costs.
According to the company, users do not have to be Eagle clients or enter personal information-- they simply need to enter an estimate of miles driven per year, fixed costs, variable costs and their income.
“As a factoring company, we offer a financial bridge to a lot of people out there who can’t wait 90 days to get paid on an invoice,” said Eagle president Joe Estess. “Where we see owner-operators and small trucking companies running into trouble is that they sometimes realize this when it’s almost too late. They’ve dug themselves into a big hole. With milestomoney.com, we saw an opportunity to help truckers get a clear-eyed view of what’s going on with their business. When you know what you’re dealing with, you can be proactive about finding a solution.”