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Short-Term Loans, Merchant Cash Advances, & APRs

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Bianca Crouse

Bianca Crouse

Bianca Crouse has been writing about business loans and finance for three years. In addition to Merchant Maverick, she has appeared in Startup Nation and Business.com, among others. She has a BA in English from George Fox University and lives in the Pacific Northwest.
Bianca Crouse
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5 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Nouman

    I want to know the Formula For Calculating Effective APR in Above Examples

    Can you please wright That for Me

    Thanks

      This comment refers to an earlier version of this post and may be outdated.

      Jessica Dinsmore

      Hi Nouman,

      Those examples were calculated using our Small Business Loan Calculators. According to our devs, the APR is calculated using the Excel RATE function. Here is an article that explains how to calculate APR by hand.

        This comment refers to an earlier version of this post and may be outdated.

        Nouman

        Thanks For your Reply

        It Works 🙂

          This comment refers to an earlier version of this post and may be outdated.

          Timothy.

          Run like hell and don’t look back. Legal loan sharks are best way to describe these types of companies. Run,run like hell!!!

            This comment refers to an earlier version of this post and may be outdated.

            Marvin

            Thank you for this excellent info! Just what I was looking for!

              This comment refers to an earlier version of this post and may be outdated.

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