Factor rates are decimals that the lender uses to calculate the total cost of the loan. While it’s simpler to use a factor rate to find out how much you’ll be paying, factor rates tend to be ...

Doing the math and crunching the numbers when it comes to figuring out your loan's interest can be complicated. Here's how to calculate interest on a loan.

For example, if you get a $50,000 loan with a factor rate of 1.10, you need to pay 110 percent of the amount you borrowed — $55,000 — to pay the loan off. Depending on your company’s ...