#apr
Apr
Understand APR and interest rate calculations for loans
A Lender You've Never Heard Of Just Raised $525 Million. Here's What It Means for Your Next "No" From a Bank
Forward Financing closed $525 million in new funding as alternative lenders grew from about 29% of small business lending in 2023 to roughly 41% today. What that shift means for borrowers banks reject, how to convert a factor rate to an effective APR (a 1.35 factor over 9 months is roughly 46%), and a five-point checklist to run before signing any non-bank financing offer.
The Yellowstone Capital Settlement: What $534 Million in Canceled MCA Debt Teaches Small Businesses
New York's $1.065 billion settlement with Yellowstone Capital canceled $534 million in small-business MCA debt for over 18,000 merchants — but canceled debt is generally taxable income unless you can claim an exclusion like insolvency, so here's how to spot an illegal MCA and get your books ready.
New State Disclosure Laws Are Forcing Merchant Cash Advance Providers to Show Their Real Numbers
Ten states now require merchant cash advance providers to disclose an APR alongside the factor rate, turning opaque MCA pricing into an apples-to-apples comparison for small business owners.
Merchant Cash Advances: What They Are, How They Work, and When to Avoid Them
Merchant cash advances can fund your business in 24 hours—but at effective APRs often exceeding 100%. Learn how factor rates work, how to calculate your true cost, when MCAs make sense, and what cheaper alternatives to consider first.
What Is APR? Annual Percentage Rate Explained for Small Business Owners
APR bundles a loan's interest rate and all lender fees into a single number, revealing the true cost of borrowing. Learn how to calculate APR, compare competing loan offers, and spot red flags in merchant cash advances and short-term financing.
APR: What Every Borrower Should Know
Understanding the Annual Percentage Rate (APR) is essential for making informed financial decisions when applying for business loans or credit cards. This guide clarifies what APR is, how it differs from the interest rate, and why it matters for borrowers.