APR Calculator

Daily
Weekly
Monthly

Loan Amount i Loan Amount This is the amount that the lender has approved you for, but it may not be the total amount that you receive.

Please input a number between $5000 and $500,000.

Origination Fee (%) i Origination Fee (%) Origination Fee is a fee charged by a lender on entering into a loan agreement generally to cover the cost of processing the loan.

Please input a number between 0% and 10%.

Number of Months i Number of Months This reflects the length of time in months that you have to pay your loan in full. Note that payments may not necessarily be monthly.

Please input a number between 1 and 36.

Cents on the Dollar i Cents on the Dollar Cents on the Dollar is used to explain how much you are paying for every dollar you are borrowing. To convert to factor rate, add 1 to your Cents on the Dollar (e.g. $0.16 Cents on the Dollar = 1.16x factor rate). By inputting Cents on the Dollar, we can calculate your Total Repayment Amount for you.

Please input a number between $0.00 and $1.00.

Total Repayment Amount i Total Repayment Amount This is the amount that you are agreeing to pay back (this does not include any late fees or charges contingent on loan performance). By inputting this number, we can calculate your Cents on the Dollar for you.

Please input a number between 80,000 and 160,000

Disbursement Amount i Disbursement Amount The amount of capital that a business receives and may be different from the Loan Amount. The Disbursement Amount is net of fees withheld from the Loan Amount. A portion of the Disbursement Amount may be used to pay off any amounts owed from a prior loan or an amount owed to a third party.

Daily Payment i Daily Payment As you have selected the Daily tab as your payment frequency, we are calculating what you pay back per business day until the Total Repayment Amount is paid back in full. This does not take into account any accelerated payments you may have made.

Average Monthly Payment i Average Monthly Payment The Average Monthly Payment is an average of how much you pay back in principal and interest per month. If you choose a daily or weekly payment frequency, it is important to know your monthly payback amount to make it easier for you to balance your books and to understand how much of your monthly revenue is going towards paying back this loan.

APR i APR This is your Annual Percentage Rate and may be most relevant for loan products that are one year in duration or longer. Although many loans are less than one year, APR is a good way to compare it to other loan offers you receive of similar duration. While it is not the most relevant comparison tool in all cases, it is one metric we believe should be presented to you in order to help you make the best decision for your business.

Total Repayment Amount

Cost of Loan i Cost of Loan The Cost of Loan is what the loan will cost you in dollars. It includes Origination Fee, interest, and depending on who your lender is, junk or hidden fees. The Cost of Loan should be your Total Repayment Amount minus Disbursement Amount. This is an important metric that could help identify whether additional fees or charges are being applied to your loan.