[Michael I]

I agree that their disclosure of APR can be shocking, especially for merchants that don't understand how to compare APR to factor rate pricing.

Just for some clarification:

110% APR is equivalent to 1.30 for 6 months or a 1.65 for 12 months.

80% APR is equivalent to 1.21 for 6 months or a 1.45 for 12 months.

40% APR is equivalent to 1.21 for 12 months or 1.45 for 24 months.

zach they also have a 10% origination fee