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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, among others. She has a BA in English from George Fox University and lives in the Pacific Northwest.
Bianca Crouse
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    I want to know the Formula For Calculating Effective APR in Above Examples

    Can you please wright That for Me


      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.


        Thanks For your Reply

        It Works 🙂


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            This comment refers to an earlier version of this post and may be outdated.


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              This comment refers to an earlier version of this post and may be outdated.

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