The cost of business funding varies by product, amount, term length, and your business profile. All terms are disclosed in writing in your offer before you sign.
Working capital funding is typically priced with a factor rate rather than an interest rate. For example, a factor rate of 1.30 means you repay 1.30 times the amount advanced. Your factor rate, term, and payment schedule depend on your file and are stated in your offer.
Costs apply to the amount you draw. Limits, rates, and any fees are stated in your written offer.
Some structures include an origination or administrative fee. Any such fee is disclosed in your offer before you sign. We do not charge an application fee.
Funding that is based on revenue and bank activity, rather than collateral and lengthy documentation, generally costs more than a traditional bank loan. Compare the total cost of repayment, not just the payment amount.
In every offer, you'll see the funded amount, any fees, the total to repay, the payment amount, the payment frequency, and the number of payments — in exact dollars and cents before you sign.
This page is informational. Rates and terms vary by business profile and market conditions. Your exact offer is based on a complete review of your file. For specific terms for your business, apply to see a personalized offer.
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