Term loan APR with fees
Loan amount, rate, term and origination fee give the payment, total interest and an APR that includes the fee.
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Free · private · no sign-up
Small-business financing, in plain numbers.
A term loan with a fee, or a cash advance quoted as a factor rate: see the payment, the total you pay back and the APR it really works out to.
Factor rateOften 1.1 – 1.5
Total paybackAdvance × factor
Estimated APRThe true yearly cost
- No account needed
- Runs in your browser
- Factor rates turned into APR
Fix the highlighted fields to see your results.
Monthly payment
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- Total interest
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- Origination fee
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- Money you receive
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- Total paid back
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The fee is taken out of the money you receive, so the APR is higher than the interest rate.
Estimated APR
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- Advance
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- Total payback
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- Cost of capital
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- Each daily payment
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- Number of payments
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Daily payments assume 252 business days a year. The APR is an estimate of the yearly rate of this repayment schedule, not a quote.
Your numbers stay on this device. Results are estimates, not financial advice.
App features
Business financing, without the fine print.
The Android app runs the same numbers and keeps your loans on your phone.
- Currencies
- 26
- Languages
- 12
- Accounts needed
- 0
- Free credits to try Pro
- 5
Schedule with a balance chart
Every payment split into principal and interest, with a chart of the balance going down.
- Free
Save loans and get reminders
Save up to 3 loans for free, track payments, set reminders and add a home screen widget.
- Free
MCA factor rate to APR
A merchant cash advance repaid daily (business days) or weekly: total payback, cost of capital, payment per period and the estimated true APR.
- Pro
More business tools
An SBA 7(a)-style loan, a line of credit, equipment financing and a DSCR check at 1.25. Pro, or 24 hours with a credit.
- Pro
FAQ
Frequently asked questions
What is a factor rate?
Merchant cash advances are often priced with a factor rate, commonly between 1.1 and 1.5. You repay the advance times the factor: a 50,000 advance at 1.3 means 65,000 paid back.
Why is the APR of a cash advance so high?
The cost is fixed, but the payback period is short and you start repaying right away, daily or weekly. Spread over months instead of years, the yearly rate comes out much higher than the factor suggests.
How is the fee included in the term loan APR?
An origination fee is taken out of the money you receive, but you repay the full loan. The APR is the rate at which your payments equal the money you actually received.
Is this a loan offer?
No. It is an estimate for comparison. A lender’s or funder’s terms can differ because of fees, holdbacks and their own rules. FightTech is not a lender.
What does the Android app add?
An SBA 7(a)-style loan, a line of credit, the MCA calculator, equipment financing and a DSCR check at 1.25, plus a schedule, saved loans, reminders and a widget. Pro is a one-time lifetime purchase or a monthly or 3-month plan; each credit opens a Pro tool for 24 hours, and you start with 5.
Check the next offer before you take it.
Business Loan Calculator for Android: term loans, credit lines and cash advances on your phone.
- No account
- Works without a signal
- 26 currencies, 12 languages