APR

Factor Rate vs. APR: 3 Defining Differences

It’s unfortunate, but half the battle to finding a small business loan that works for your company is down to simply understanding the nature of the loan you’re applying for. That’s because while certain borrowing options appear similar on the surface –– loans and cash advances for instance –– they actually function quite differently. AsRead More

What Does Factor Rate Mean?

If you’ve taken out a short-term business loan, or if you’ve applied for a merchant capital advance lately, there’s a good chance you’ve come across the term “factor rate” in some capacity. What is a Factor Rate? A factor rate (or money factor) is a way of expressing the amount of interest that a bankRead More

How Much Do You Need?