$50,000
$5,000$500,000
1.32
1.101.50
12 mo
3 mo18 mo
Total payback
$66,000
Fee paid
$16,000
Daily payment
$262
APR-equivalent
27.6%
What this means. A factor rate isn't an interest rate. You pay the full 1.32× back regardless of how fast you repay. The APR-equivalent above shows what that looks like as a traditional interest rate — useful when comparing to a line of credit or term loan.
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