Estimate a monthly payment on a term loan, or convert a factor rate quote into an annualized rate you can compare apples-to-apples with other offers.
This calculator provides an estimate for illustration only, using a standard fixed-rate amortization formula. Your actual rate, term, and payment will be confirmed by an underwriter and may differ based on your specific application.
Factor-rate products don't compound like traditional interest. This estimate simply annualizes the total cost of capital over your repayment term so you can compare it to a conventional APR — it is a simplified approximation, not a regulatory or legally binding APR disclosure. Your loan agreement will state the exact terms.
No. This tool gives you a planning estimate only. Your actual rate and terms depend on underwriting factors like time in business, revenue, and credit history, and will be confirmed directly by your underwriter.
Factor rates and APRs are calculated differently, which makes them hard to compare directly. Converting to an annualized estimate lets you compare a factor-rate offer against a traditional term loan or line of credit on similar footing.
No. This calculator runs entirely in your browser and doesn't submit any information or pull your credit. Only a formal application involves a credit check.
Apply in about three minutes. No obligation, and no impact to your credit score to get started.