Choose a loan product, adjust the amount and rate, then see your total cost, payment amount, and APR equivalent update instantly below.
Loan Details
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Repayment Terms
Your Selections
Your Estimated Loan Cost
Total Repayment
$325,000
Total Cost of Capital
$75,000
Payment Amount
$2,579.37
per business day
APR Equivalent
119.06%
Cost per Dollar Borrowed
$0.30
Number of Payments
126
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See What You Qualify For →This calculator is for informational purposes only and does not constitute a loan offer. Actual rates, terms, and approval depend on your business profile and lending partner. We recommend applying so a funding specialist can provide expert guidance tailored to your situation.
“Run the numbers before you sign anything. Most business owners don't realize how much factor rates really cost when you convert them to APR. This calculator shows you the real cost — no surprises.”
— Bobby Friel, Basecamp Funding · Founder · 20+ years in banking and finance
Understanding Loan Costs
How Business Loan Costs Are Calculated
Business loans are priced in two fundamentally different ways: factor rates and APR. A factor rate is a simple multiplier applied to your loan amount to determine total repayment — the total cost stays the same regardless of how quickly you pay it back. APR (Annual Percentage Rate) expresses the cost as an annualized interest rate, which accounts for compounding and the length of the loan. The same loan can look dramatically different depending on which metric you use, which is why comparing offers requires converting everything to a common format. The calculator above converts any factor rate to its APR equivalent for your specific term and payment frequency.
The “cost per dollar borrowed” metric strips away all complexity and tells you exactly what you're paying for access to capital. If your cost is $0.15 per dollar, you're paying 15 cents for every dollar the lender puts in your account. This makes it easy to compare offers regardless of whether they use factor rates, APR, or origination fees — and helps you decide whether the cost is worth the speed and convenience.
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How to Read a Business Loan Offer
Learn what to look for in a loan agreement — from factor rates and origination fees to prepayment penalties and stacking restrictions.