A factor rate represents the cost of a small-business loan and is expressed as a decimal, unlike interest rates, which are shown as percentages. Factor rates are commonly used to quote the price of merchant cash advances and short-term loans from online lenders. Here’s an overview of factor rates and how to calculate them to... Randa Kriss writes for NerdWallet.

NEXT
BING NEWS:
  • Surging job market could prove costly for households, businesses as odds of quick rate cuts fade
    U.S. hiring picked up unexpectedly in December as employers added 256,000 jobs, another sign of the economy’s resilience in the face of high interest rates.
    01/10/2025 - 12:59 pm | View Link
  • Strong US job growth raises doubts about further Fed rate cuts
    The U.S. job market again defied an anticipated slowdown, with firms adding more than a quarter of a million jobs in the last full month of Joe Biden's presidency and leaving Federal Reserve ...
    01/10/2025 - 3:49 am | View Link
  • December jobs report: Big 256,000 gain fans inflation fears and Fed rate-cut doubts
    The surprising 256,000 increase in new jobs in December and a declining unemployment rate is good news, but the latest employment reports masks recent softness in the labor market. The increase in new ...
    01/10/2025 - 2:48 am | View Link
  • Fed Official Says Further Rate Cuts Can Wait
    St. Louis Fed President Alberto Musalem suggests greater caution is warranted on reducing interest rates.
    01/9/2025 - 8:30 pm | View Link
  • Average US long-term mortgage rate inches up to 6.93% this week for fourth straight increase
    The average long-term U.S. mortgage rate ticked up again this week, remaining at its highest level since July.
    01/9/2025 - 1:49 pm | View Link
  • More

 

NEXT
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

Movies With Butter More Movie News

More Personal Finance News