Total payback–
Cost of the advance–
Estimated term–
Approximate APR–
Estimates only. Assumes equal payments, about 21 business days per month, and no fees or early payoff. Your agreement and disclosure form control.
How to read the results
The approximate APR shows what the advance would cost as an annual rate if it were a loan repaid on the same schedule. Short terms with daily payments push this number up quickly. See factor rate vs. APR for a full explanation.
If more than about a quarter of your monthly deposits goes to MCA payments across all your advances, cash flow problems are likely. Add up the payments for every advance you carry.
If your numbers look unmanageable, request a review.