Convert a factor rate into the true effective APR and total payback on revenue-based financing or an MCA — then compare honest offers from 50 lenders.
Revenue-based financing and merchant cash advances are priced as a factor rate (like 1.18×), not an APR — which hides how expensive they can really be. This calculator converts a factor rate into the total payback and the true effective APR based on how fast you repay.
A 1.18× factor on $100K is $118K back. Whether that is a 30% APR or a 60% APR depends entirely on the repayment speed — this calculator shows the real number so you can compare apples to apples. One application surfaces the most competitive offers.
Six questions. No documents required to start. No effect on your credit score.
Review the 8–12 lenders matched to your profile and choose who to apply to. Your file goes only to the lenders you select.
We negotiate the best terms with each lender you selected and send you their real offers — side by side on APR, term, and payment.
One signature. Funds wire direct from the lender. Median: under 2 days end-to-end.
Multiply the advance by the factor rate to get total payback, subtract the advance to get the cost, then annualize that cost over the actual repayment period. Because the payback period is short, factor rates almost always translate to a much higher APR than they appear.
Factor rates usually run from about 1.09× to 1.50×. The lower the rate and the longer the repayment window, the lower the effective APR. This calculator shows the effective APR for any combination.
No. The factor rate calculator runs entirely in your browser — nothing is submitted and there is no credit check. When you are ready to compare real offers, EQ Funding pre-qualifies you with a soft pull that has no effect on your score; a hard inquiry only happens if you accept a specific lender's offer.
An estimate uses typical lender criteria and rate bands. Real offers are priced by individual lenders against your actual revenue, time in business, credit, and industry, so they can come in better or worse than the factor rate calculator shows. The point of the estimate is to set expectations before you apply — the real numbers come from comparing actual offers.
Apply once. One 2-minute application puts your file in front of 50 lenders that compete to fund it, with real, side-by-side offers back in about 24 hours and no obligation to accept any of them. You only move forward if an offer actually works for you.
Completely free, with no signup. EQ Funding is also free to you if you apply — lenders pay a fee when your deal closes, never you.
Six questions. Two minutes. No effect on your credit score. Real offers from 50 lenders within 24 hours.