Sentences with phrase «factor rate»

The phrase "factor rate" refers to a fixed cost that a lender charges when you borrow money. It is a predetermined amount that is multiplied by the amount of money you borrow to determine the total repayment amount. Full definition
The top three associated factors rated by risk were brake problems, tire problems and cargo shift.
The one thing though that did keep me from giving this a higher fun factor rating was the lack of a main mode.
Best factor rates available to merchants with excellent credit and financial strength.
Typical Rating Factors Rating motorists can be a complicated process because insurers usually examine a wide range of details before setting a policy price.
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Many lenders use different interest rates, such as factor rates or simple interest rates, to express the cost of a loan, and many times these rates do not include additional fees that a borrower will pay over the lifetime of the loan (e.g., origination fees, service fees, etc.).
The total payback amount is calculated based on factor rate.
As I see it, there's a handful of components that add up to the 30 to 40 percent factor rates on MCAs.
However, an Oregon coverage company factors the rates for each individual uniquely.
QuarterSpot uses factor rates, which shows the total cost of borrowing the loan divided by the total amount of the loan, for estimating loan costs.
Most people confuse factor rate with interest rate and hence plan a poor repayment schedule.
Here are eight of my favorites with a creep factor rating from 1 to 10, with 1 being not at all creepy and 10 being Spider - Man - running - in - slow - motion - to - the - Tiddlywinks - song creepy.
Each company had to have an overall company rating of 3.5 on the jobs site, and a 2.5 or higher when it came to five «workplace factor ratings» — career opportunities, compensation and benefits, culture and values, senior management and work / life balance.
Keep in mind, on the off chance that you don't fulfill the conditions to get the extra factor rate, the Savings Maxi grumpy person standard variable rate (as of now, 1.60 % p.a.) applies.
QuarterSpot has factor rates ranging from 1.1 to 1.4, which translate to APRs between 20 % and 48 %.
Insurers use this data to identify areas of the country with considerable natural disaster history and factor the rates accordingly.
A typical factor rate for an MCA could range between double and triple digits depending upon the provider.
Let's break down what an alternative finance provider needs to cover within that 30 to 40 percent factor rate (technically, this is a discount rate, which is present value cash versus future payout, rather than an interest rate), so as to come out ahead.
The company then asked them what the easiest way to understand the interest rate and other fees involved with the loan would be — as an APR, a factor rate, or as a total payback amount.
«The researchers say they factored those rates of transition in their multi-state model; further, the model can estimate the impact of some possible prevention efforts on the number of future cases.»
To achieve their return and minimize their default risk, they have to get the entire mix right: pricing risk, factor rates, turnaround times, period of the advance, programs, systems and collections.
The biggest chunk of the 40 percent factor rate could potentially be bad debt: MCAs that default.
All this risk has to be priced into the factor rate.
For smaller independent funders, what it costs to amass enough capital to provide MCAs can be huge — up to half the factor rate, or 20 percent, of the whole advance.
Instead of clearly presenting a true Annual Percentage Rate (APR), they might obscure their pricing as a general «rate,» «factor rate,» or «cost.»
According to the Responsible Business Lending Coalition, a borrower's 15 percent «factor rate» actually could be equivalent to a 50 percent interest rate!
They might hide their interest rates by naming them «rates», «factor rates», or «costs».
According to «The Responsible Business Lending Coalition», a factor rate of 15 % might be equal to 50 % interest rate!
John would end up paying a total of $ 125,000 ($ 100,000 principal x 1.25 factor rate) at the end of 12 months.
The total amount to be repaid is calculated by a «factor rate,» which is a multiplier generally based on a business's financial status.
The lender charges either a «factor rate» on the loan or a fee based on a percentage of future credit card sales.
This means the payback, or factor rate, is 1.30 or 30 % of the advance amount.
This percentage is frequently displayed as a factor rate, which would equivalently be 1.20 — 1.40.
This means that if a $ 100,000 loan has a factor rate of 1.3, the total amount repaid is $ 130,000 (1.3 x $ 100,000).
Instead of an APR, the company quotes rates for its working capital loans as a factor rate.
Factor rates can make short - term loans appear less expensive than a traditional interest rate would.
For example, if you pay 30 cents for a one - year loan of one dollar, your factor rate is 30 % but is equivalent to a 55 % interest rate!
1 Factor rate is the financing cost divided by the loan amount - but that's not how traditional interest rates work.
Prospa offers a factor rate.
A factor rate is expressed as a decimal figure not a percent.
When a factor rate is used, interest is charged to the principal when the loan is originated, it doesn't compound.
For example, a factor rate of 1.3 on a $ 50,000 loan means you would repay a total of $ 65,000.
To estimate the amount you have to pay back on the loan, you can multiply the factor rate by the loan amount, which will give you the loan cost plus the interest.
With an ease - factor rating one (the easiest!)
With an ease - factor rating one (the easiest!)
So all these factors rate them # 1 when it comes for online dating.
John would end up paying a total of $ 125,000 ($ 100,000 principal x 1.25 factor rate) at the end of 12 months.
The total amount to be repaid is calculated by a «factor rate,» which is a multiplier generally based on a business's financial status.
For your ease and convenience, we present merchant cash advance pricing as a factor rate: Factor Rate = Purchased Amount ÷ Advanced Amount
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