Factor Rate
A multiplier (not an interest rate) used to calculate total repayment on an MCA. For example, a factor rate of 1.35 on a $50K advance means $67,500 total owed.
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A multiplier (not an interest rate) used to calculate total repayment on an MCA. For example, a factor rate of 1.35 on a $50K advance means $67,500 total owed.
AI for MCA Lenders