[abfunders]

APR just means annual percentage rate
While a merchant might view it as a loan rate, it's just a mathematical equation. It's used also for annual rate for earned for investments as well.
https://www.breakoutfinance.com/apr-calculator/
(Okay, so Breakout offers loans, but whatever)

On a 30-year mortgage, you can present the factor rate in as well. For a $60,000 mortgage at 4.9% APR, you're paying a factor rate of a 1.91 factor!! Outrageous! And at 3.8% APR, that's a factor of 1.67!!
https://www.mortgagecalculator.org/

[SFC]

APR just means annual percentage rate
While a merchant might view it as a loan rate, it's just a mathematical equation. It's used also for annual rate for earned for investments as well.
https://www.breakoutfinance.com/apr-calculator/
(Okay, so Breakout offers loans, but whatever)

On a 30-year mortgage, you can present the factor rate in as well. For a $60,000 mortgage at 4.9% APR, you're paying a factor rate of a 1.91 factor!! Outrageous! And at 3.8% APR, that's a factor of 1.67!!
https://www.mortgagecalculator.org/

APR is Annualized Percentage rate (of interest). But an MCA has NO INTEREST. Regardless of annualized or monthly or daily, there is no interest. You cannot manufacture interest on a non interest product.

Take a CC split MCA for example. If the split assumed the factor would be paid up in 6 months, and the merchants business went through the roof and they paid off the advance in 2 months, the APR would shoot through the roof as well. But in this case the merchant would LOVE a massive APR then.

So APR makes no sense, it's interest, for a loan. Which an MCA is not.

[cmarks]

APR just means annual percentage rate
While a merchant might view it as a loan rate, it's just a mathematical equation. It's used also for annual rate for earned for investments as well.
https://www.breakoutfinance.com/apr-calculator/
(Okay, so Breakout offers loans, but whatever)

On a 30-year mortgage, you can present the factor rate in as well. For a $60,000 mortgage at 4.9% APR, you're paying a factor rate of a 1.91 factor!! Outrageous! And at 3.8% APR, that's a factor of 1.67!!
https://www.mortgagecalculator.org/

What math you do to get a 1.91 from a 4.9% apr?? 4.9%apr=1.049 factor... now do a 12 month MCA at 1.40 over 30 years and tell me total factor??

[abfunders]

What math you do to get a 1.91 from a 4.9% apr?? 4.9%apr=1.049 factor... now do a 12 month MCA at 1.40 over 30 years and tell me total factor??

Look at the amount of interest paid over 30 years on a 4.9% APR mortgage.

https://www.calculatestuff.com/finan...off=80#results

Total interest for a $60,000 loan is $54,634.99. Total amount paid is $114,634.99. $114,634.99 / $60,0000 = 1.91
At 3.8% APR total repayment is $100,648.04 which means that's $100,648.04 / 60,000 = 1.67

BTW, a mortgage is also amortized, so when you come to refinancing, you're paying off the first, taking whatever PPP exists, and but you have to refinance the principle, which can take quite a long time.

[abfunders]

What math you do to get a 1.91 from a 4.9% apr?? 4.9%apr=1.049 factor... now do a 12 month MCA at 1.40 over 30 years and tell me total factor??

Oh, and there's no such thing as a "12 month 1.40 over 30 years." 12 months is not 30 years. A 1.40 over 12 months times thirty is still a 1.40 factor rate.