What Will This Funding Actually Cost You?
See your real monthly payment, total payback, and the true APR in seconds — then decide if it's worth signing, or whether you can do better. Free, no email needed to run the numbers.
Typical ranges: term loans 6%–30% APR · lines of credit 8%–24% · SBA 6%–10%.
Estimates only, for comparison. Your real offers depend on your business, credit, and lender. Not financial advice.
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How the numbers work
How do I calculate the real cost of a merchant cash advance?
Multiply the advance by the factor rate to get your total payback, then subtract the advance to find the fee. Because an MCA is repaid in small daily or weekly amounts over a short term, the true annual cost is far higher than the factor rate looks — a 1.30 factor repaid over about a year works out to roughly a 50%+ APR. This tool runs that conversion for you.
What is a factor rate?
It's how MCAs price their cost, usually 1.1 to 1.5. You multiply the advance by the factor rate to get total repayment. Unlike interest, the fee is fixed up front and doesn't shrink as you pay down — which is exactly why the effective APR runs so high.
How is a term loan payment calculated?
With standard amortization: each monthly payment covers interest on the remaining balance plus some principal, so the balance and the interest charged both decline over time. Lower APRs and longer terms reduce the monthly payment; longer terms raise total interest paid.
Is a cash advance cheaper than a loan?
Almost never on cost. MCAs are faster and easier to qualify for, but their effective APR is typically 40%–150%, versus roughly 6%–30% for term loans and lines of credit. Reserve an MCA for genuinely urgent, short-term needs — and always compare the effective APR, not the factor rate.