Tools

Six calculations that decide whether an offer is survivable

None of these predicts what a lender will give you. They take the numbers from an offer you already have and tell you what it costs, what it does to your week, and whether you can carry it.

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1 What a factor rate actually costs Put in the advance, the factor and the term. Get the total repayment, the cost in dollars, and what that works out to annualised. Open the factor rate to cost calculator → 2 What the debit does to your week A total repayment tells you what the deal costs. The remittance tells you whether you can survive it. This works out both. Open the remittance and cash flow calculator → 3 Two offers priced differently, on one page One quotes a factor, one quotes an APR, and the fees sit somewhere else entirely. Put both in and see them in the same units. Open the compare two offers calculator → 4 Everything you already owe, plus this Underwriters add up every position before they decide. This does the same sum, in the same order, so you see what they will see. Open the total debt service calculator → 5 Does paying it off early save anything? On an amortising loan, usually. On a fixed-total product, usually not. This shows which one you have and what the difference is worth. Open the early payoff calculator → 6 What factoring an invoice actually nets you Advance rate, discount and reserve are three numbers that have to be read together. This puts them together. Open the invoice factoring cost calculator →

These are arithmetic, not offers

Nothing here quotes a rate any lender will give you, predicts approval, or constitutes financial advice. Enter the numbers from a real offer letter to see what it costs — and get the offer letter first. If a funder will not put the amount funded, the amount repaid, every fee, the remittance and any early-payoff discount in writing before you sign, that is information too.

Questions about these calculators

Are these calculators giving me a quote?

No. Every figure is produced from the numbers you type. Nothing here is an offer, and no lender sees what you enter — the arithmetic runs in your browser.

Which calculator should I use first?

If you have an offer in front of you, start with factor rate to cost, then run the remittance one to see what the schedule does to your week. Those two answer most of it.

Why do you keep saying a factor rate is not an APR?

Because they measure different things. A factor is a multiplier applied once; an APR is a rate per unit of time. Converting between them requires fixing the term, and the same factor produces wildly different annualised numbers at four months and eighteen.

Do these account for fees?

Where there is a fee field, yes. Fees outside the headline price are often the difference between two offers, so ask for them itemised in writing before you compare.

Is my data stored?

No. The calculators run entirely in your browser. Nothing you type is sent anywhere.

What is the difference between total cost and annualised rate?

Total cost is what the money costs. The annualised rate is what it costs per unit of time. The cheapest total cost and the lowest annualised rate are frequently different offers.

Can I use these for an SBA loan?

The amortising ones, yes. SBA maximum rates are structured as a spread over a published base rate, so put in the rate you were actually quoted.

Why is the annualised figure so high on an advance?

Short money is expensive money. A fixed cost repaid over a few months annualises to a large number by arithmetic. That is the correct comparison when weighing an advance against something that quotes a rate.

Do you check my answers against real lenders?

No, and deliberately. These are arithmetic tools. What each lender publishes is on that lender's page, with the source and the date it was read.