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.
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Randa Kriss, NerdWallet.com
Fri, 09/16/2022 - 12:57pm
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