Results 1 to 25 of 55
Hybrid View
-
09-05-2018, 12:03 PM #1Karen37aGuest
Website on Kabbage comparion on Apr
http://blog.streetshares.com/how-to-...ess-loan-offer
Calculate the APR on Your 6-month Kabbage offer:
Enter your line of credit amount in green
Enter your fee for the first two months in green
Enter your fee for the next four months in green
http://blog.streetshares.com/how-to-...ess-loan-offer
View your APR in the yellow box
You’ll see the fee is being charged on the original loan amount and not the remaining balance. (Scroll to the right to see the cost of credit and the total cost of the loan.) See below for further explanation.
Line of Credit *$ * * 50,000* Factor Rate 16.0%
Fee 1 - 2 months 4.00% APR 54.1%
Fee 3 - 6 months 2.00%
Payment 1 Payment 2 Payment 3 Payment 4 Payment 5 Payment 6 Total
Principal payment *$ * * * 8,333* *$ * * *8,333* *$ * * * *8,333* *$ * *8,333* *$ * * *8,333* *$ * * 8,333* **Principal* *$ * 50,000*
Fee payment *$ * * * 2,000* *$ * * *2,000* *$ * * * *1,000* *$ * *1,000* *$ * * *1,000* *$ * * 1,000* *Cost of credit* *$ * * 8,000*
Total Payment *$10,333.33* *$ * *10,333* *$ * * * *9,333* *$ * *9,333* *$ * * *9,333* *$ * * 9,333* *Total cost* *$ * 58,000*
I think Some boiler room isos know math*
Similar Threads
-
California -Construction/Bridge Loan $50,000-$100,000.00 for residential renovations
By 1Loanguy in forum All Other LendingReplies: 1Last Post: 02-08-2018, 04:57 PM -
seeking direct lender for large land deevlopment loan in California High quality loa
By Richierichard in forum Deal BinReplies: 1Last Post: 09-25-2017, 09:59 AM -
APR disclosure
By channin19 in forum Merchant Cash AdvanceReplies: 6Last Post: 05-06-2016, 08:19 AM -
Loan Mod Company in California
By BigIz in forum Deal BinReplies: 2Last Post: 01-07-2016, 06:29 PM -
small business borrower's bill of rights
By fisheMS in forum All Other LendingReplies: 0Last Post: 08-11-2015, 11:40 AM