Comparison
This is the single most expensive misunderstanding in business funding. A 1.4 factor rate and 40% interest are wildly different costs, and the difference is not small.
✓ Checking what you qualify for does not affect your credit score.
The short answer: A factor rate is not an APR and converting between them is misleading. The number to compare is total dollars repaid, and what the payoff drops to if you clear it early — which is where our 30, 60 and 90-day discounts change the maths against a standard advance.
On a standard factor-rate advance, the cost is set the moment the money lands. Pay it off in month three instead of month twelve and, on most agreements elsewhere, you still owe the entire payback amount. The speed saved you nothing. That is the industry norm and it is worth checking on any offer you are given.
We price it differently. Our advance products carry early payoff discounts at 30, 60 and 90 days, so clearing the balance quickly genuinely reduces what you repay. On the term loan a full early payoff takes 50% off the remaining interest.
Ask for two figures and ignore everything else: the total payback and the payoff amount at month three. Those two numbers expose the real structure of any offer regardless of how the rate is described.
A short application. No impact to your credit score to see what you qualify for.
We review revenue, time in business and bank activity — not just a credit score.
You see the amount, the term and the total cost before you sign anything.
Money in your account, typically the next business day after signing.
No. A 1.3 factor rate on $50,000 sets a $15,000 cost if carried to term, because it does not accrue over time the way interest does. 30% interest on a declining balance over a year costs considerably less, because the balance falls as you repay. Our early payoff discounts at 30, 60 and 90 days narrow that gap.
You can calculate one, but it is misleading, because the APR swings wildly with the repayment term while the factor cost is set at funding. Compare total dollars repaid and the early payoff figure instead.
Interest-bearing products are almost always cheaper if you qualify. Factor-rate products exist because they fund files that an interest-bearing product will not.
With us, yes — we discount early payoff at 30, 60 and 90 days. Across the wider market, often not, so check the agreement for a prepayment discount before assuming it does.
A line of credit from 1% per month with a 2.49% draw fee, or a term loan at 0% origination with 50% off remaining interest for a full early payoff. Advance products carry early payoff discounts at 30, 60 and 90 days.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
