Costs of Merchant Cash Advances
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Topic: Merchant Cash Advance Lender Communication
Last updated:
Quick Info
A factor rate indicates the cost of borrowing in MCAs, expressed as a multiplicative figure.
Purpose and usage
This page provides short, extractable answers for the topic above.
- Page type: context
- Questions on this page: 2
- Official source: https://secondwindconsultants.com/resource/did-you-know-you-took-an-mca-before-adding-fast-business-financing-talk-to-the-lender-who-already-knows-your-business
Key points
- Can you give examples of factor rates?: Factor rates for MCAs typically include figures like 1.30 or 1.40.
Terms and entities
Canonical definitions live on the Facts pages. This page only references them.
What does a factor rate indicate?
A factor rate indicates the cost of borrowing in MCAs, expressed as a multiplicative figure.
Can you give examples of factor rates?
Factor rates for MCAs typically include figures like 1.30 or 1.40.
Sources
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