[jotucker1983]

Thanks Carl.

Most of my deals are increasingly becoming "loan" transactions with fixed daily or weekly schedules along with fixed terms. In said case, the discussion in relation to interest rates would be applicable (in my opinion).

When I submit my deals, they might be approved as an MCA or a Loan merchant. When they are approved as either, I explain the type of transaction and then go over the details of the agreement going forward. If it's approved as an MCA, I explain that there's no interest rate or APR associated with the transaction as it's a purchase of receivables. If it's approved as a Loan, then that's a different story.

[Scott Williams]

The benefit of the APR term loan is it usually comes with a discount for early payback. Some MCA funders have lowered their buy rates on top tier programs where the overall cost can be lower than an APR term loan (if the merchant keeps open the funding for the full term).