Free. No sign-up. Nothing saved.
What will this money really cost?
A factor rate is not an interest rate. Put in the offer you were given and see the estimated APR, the total cost and what every dollar costs you, before you sign.
The offer says
Estimated APR
125.9%
- You receive
- $50,000
- You repay
- $67,500
- Total cost
- $17,500
- Cost per dollar received
- 0.35
- Payment
- $536 every business day, 126 payments
An estimate for the term you entered. Advances that take a share of sales have no fixed term. Ask the provider for its own cost disclosure before you sign.
Should you borrow at all?
Four honest checks before you take any offer, including one from us.
Will the money earn more than it costs?
Compare the total cost below with what the money will bring in or save. If it only covers a gap, plan how the gap closes.
Can you make the payment in your slowest month?
Daily and weekly payments come out whether sales are up or down. Check it against your weakest month, not your best.
Are you already paying another advance?
Taking a second advance to cover the first is how owners get trapped. Talk to someone before you stack.
Have you checked cheaper money first?
Banks, credit unions, SBA lenders and state programs usually cost less when you qualify. They take longer, so start early.
Try cheaper money first
If you qualify, these usually cost less. We do not earn anything from them.
- SBA Lender Match
The SBA's free tool that connects you with lenders that make SBA loans.
- SBA local assistance
Free advising from Small Business Development Centers and SCORE.
- Wyoming Business Council
State programs for Wyoming businesses, including loan participation with local banks.
Questions about factor rates
Is a factor rate the same as an interest rate?
No. A factor rate is a multiplier on the amount funded. A 1.3 factor on $10,000 means you repay $13,000 no matter how fast you pay it back. An interest rate is charged over time, so a short repayment period makes a factor rate cost far more per year than the number suggests.
How do you convert a factor rate to an APR?
Multiply the amount funded by the factor rate to get the total payback, split it into the payments you will make, then find the yearly rate at which those payments are worth exactly what you received. That rate is the estimated APR. This calculator does that math for you.
Why does a short term make the APR so high?
Because you pay the same fixed cost in less time. Repaying $3,000 of cost over six months is roughly twice the yearly rate of repaying it over a year. Fees taken out up front raise it further, because you receive less but repay the same amount.
Is this APR exact?
It is an estimate for the term you enter. Advances that take a share of daily sales have no fixed term, so the real APR rises if sales are strong and you repay faster, and falls if you repay slower. Ask the provider for its own disclosure before you sign.
Want to see what fits instead?
A business-funding referral service, not a lender. Sending a request does not pull your credit.