Stop Comparing Apples to Oranges
Banks speak in APR. Fintechs use factor rates. Equipment lenders quote monthly payments. Our translator converts any loan offer into one universal language—so you can make the right decision.
Bank says: “7% APR over 5 years with 2 points”
MCA offers: “Factor 1.25 over 6 months”
Leasing company: “$850/mo for 36 months”
The Solution: One Universal Language
See Effective APR, Total Cost, and Total Repayment for every loan—side by side
The Three Lender Dialects
Every lender speaks a different language. We translate them all into one standard format.
PRIME
Banks & SBA Loans
They quote:
- • Loan Amount ($)
- • Annual Interest Rate (%)
- • Term (Years/Months)
- • Origination Points (%)
FINTECH
MCAs & Short-term Lenders
They quote:
- • Advance Amount ($)
- • Factor Rate (e.g., 1.25)
- • OR Cents on the Dollar
- • Term (Weeks/Months)
ASSET
Equipment & Lease Financing
They quote:
- • Equipment Cost ($)
- • Monthly Lease Payment ($)
- • Term (Months)
- • Residual/Buyout (Optional)
Real-World Example
How a contractor saved $18,000 by comparing apples to apples
Offer A: MCA
Factor Rate: 1.35 on $75,000
Term: 9 months
After translation:
64% APR
Total Cost: $26,250
Offer B: SBA Loan
Interest Rate: 11% APR
Term: 5 years
After translation:
11% APR
Total Cost: $8,100
By choosing Offer B, the contractor saved $18,150
Important Disclosure
This tool provides educational estimates only and does not constitute financial advice. Actual APR may vary based on your specific terms, fees, and repayment schedule.