Factor rate vs. interest rate for business loans
Factor rates and interest rates express the cost of repaying a loan in two different ways.
TJ Porter has eight years of experience as a personal finance writer covering investing, banking, credit, and more. He has written dozens of articles for Bankrate and other popular finance websites such as Credit Karma and the Balance.
TJ's brush with personal finance began as he looked for ways to stretch his own dollars through deals or reward points. In all of his writing, TJ aims to provide easy to understand and actionable content that can help readers make financial choices that work for them.
When he's not writing about finance, TJ enjoys games (of the video and board variety), cooking and reading.
Factor rates and interest rates express the cost of repaying a loan in two different ways.
Need help deciding between the two? Our guide can help.
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