Or you can do what Swift Capital used to do and just conveniently move the decimal point to the right and call it an APR. Swift's 1.37 Factor rate would appear as a 13.70% APR LOL. The amount of times I had to educate a merchant in explaining to them that just because they say the APR is 13.70% does not mean it is so, 100,000 funded, paying back 137,000...yeah 13.70% APR, makes perfect sense.