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*