Factor rates are a fixed fee multiplied by the entire loan up front, which means that you’ll pay the entire fee even if you pay the loan off early To compare loans with traditional interest rates and ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Khadija Khartit is a strategy, investment, and funding expert, and an educator of fintech ...

A factor rate is a method of calculating business borrowing costs. Calculate your repayment cost by multiplying the factor rate by your loan amount. Factor rates can result in higher total costs than ...