Results 1 to 25 of 30
Hybrid View
-
07-24-2020, 11:23 PM #1
- Join Date
- Apr 2018
- Posts
- 104
I recently got out of the industry but I keep an eye on what's going on. Here's me giving back - it's an APR approximator for MCAs - it will agree to the Breakout Capital calculator that was posted here so you can check my work.
As has been stated in this thread, APR on an MCA doesn't make sense given the lack of a contractual duration and variability of repayment velocity, however if you have to disclose APR - this will tell you the expected APR of a perfect payer. Use this at your own risk.
Hopefully this can help someone. Hit me up in the DMs if you have any questions.
Capture1.png
APR Calculator.zip
Similar Threads
-
“New York Lawmakers Say State Must Stop Enabling Predatory Loans”
By WestCoastFunding in forum Merchant Cash AdvanceReplies: 42Last Post: 12-17-2018, 05:58 PM -
New York State Is Probing*Abuses in Small-Business Lending
By channin19 in forum Merchant Cash AdvanceReplies: 30Last Post: 12-05-2018, 09:18 PM -
Need funder Debt collection New York state
By David35 in forum Deal BinReplies: 3Last Post: 02-16-2015, 10:29 AM -
Direct funder needed for Debt collection New York State
By David35 in forum Merchant Cash AdvanceReplies: 0Last Post: 01-28-2015, 02:18 PM -
CAN CAPITAL passes 4 Billion Funded Milestone
By Businesscap in forum Merchant Cash AdvanceReplies: 16Last Post: 04-30-2014, 04:43 PM