Factor vs APR

BizLender works with many different types of financing to help get small businesses funded. One of the types of funding we secure is Factor-Based which is a little different than the traditional APR that you may be used to, but Factor-Based financing could actually be beneficial to you. Below are a few examples of how Factor-Based funding compares to traditional APR financing.

Financing can be a scary proposition for a business owner. Every day business owners make challenging decisions, and making the wrong decision can be harmful. BizLender wants to help you understand the cost of funding and navigate your business through the business funding process.

 
Factor-Based Funding
Interest-Based Funding
Loan Amount
Factor-Based Funding : $18,000.00
Interest-Based Funding : $18,000.00
Effective APR
Factor-Based Funding : 95%
Interest-Based Funding : 19%
Rate
Factor-Based Funding : 1.22 | Factor
Interest-Based Funding : 18% | Interest Rate
Funding Term
Factor-Based Funding : 132 | Days
Interest-Based Funding : 60
Payment Schedule
Factor-Based Funding : Weekdays
Interest-Based Funding : Monthly
Fees
Factor-Based Funding : $540.00
Interest-Based Funding : $250.00
Total Dollar Cost
Factor-Based Funding : $4,500.00
Interest-Based Funding : $10,056.00
Total Payback
Factor-Based Funding : $21,960.00
Interest-Based Funding : $27,806.00
Payment Amount
Factor-Based Funding : $166.36
Interest-Based Funding : $462.00
Cost Per Dollar
Factor-Based Funding : $0.22
Interest-Based Funding : $0.54

BizLender works with many different types of financing to help get small businesses funded. One of the types of funding we secure is Factor-Based which is a little different than the traditional APR that you may be used to, but Factor-Based financing could actually be beneficial to you. Below are a few examples of how Factor-Based funding compares to traditional APR financing.