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Cash Advance Calculator
1. Cash Advance Calculator
The E Merchant team built several APR calculators for merchant cash advances and daily debit ACH
loans.
Before getting an MCA loan or a cash flow loan, you should use the following calculators to
understand the annualized interest rate you are paying. Read What is the difference between APR
and Interest Rate? first.
We got some actual MCA/Daily ACH term sheets from business owners and these are the APRs they
are paying.
Example 1
A prominent cash flow loan provider => APR: 88.68 %.
See the calculation on a new page.
Example 2.
A "No Application Fee" MCA Provider => APR: 130.31 %.
MERCHANT CASH ADVANCE.
APR Calculator.
Advanced Amount$.
Payback Amount$.
% of Future Card Sales %.
Projected Monthly Card Sales$.
Daily Payment$120.
Daily Interest Rate0.357 %.
APR130.31 %.
Repaid in about181 days.
Total Financing Cost$5760.00.
POWERED BY E merchant cash advance Merchant.
See the calculation in the new page.
The APRs mean the effective interest rates charged for the loan. The high numbers mean these loan
2. products are insanely expensive.
Before we lay any judgment on these products, let's not forget these might be the only financing
options accessible to less well-off businesses. Sometimes an expensive option is still better than no
option.
However, businesses should understand the true cost and look at alternatives before they accept
loan offers from these lenders.
