Turn a factor rate into an estimated APR so you can compare a cash advance or short-term offer with a loan or line of credit. Enter the numbers from your offer.

Estimated APR

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Total you repay: –
Cash you actually receive: –
Total cost of financing: –
Number of payments: –
Each payment: –

How this calculator works

We divide the total you repay into equal payments on your schedule. Then we find the interest rate at which those payments exactly pay back the cash you received, and annualize it. That's the same basic approach used for APR on consumer loans.

Daily payments assume about 260 business days a year.
Upfront fees raise the APR because you receive less cash but repay the same amount.
With a merchant cash advance, payments are often a share of daily sales, so the real repayment period can be longer or shorter than expected. Try a few periods to see the range.

This is an estimate for comparison only, not an offer or a quote. Ask the provider for the APR and total repayment amount in writing. California and New York require many providers to disclose an estimated APR. New to these terms? Read Business lending terms explained.

Factor Rate to APR Calculator