Rates & costs explained
Know what your financing really costs.
The rate on the offer isn’t the whole story. How you’re charged and how often you pay can matter more. Here’s how to compare offers in plain language.
- No impact to your credit score
- Personalized review
- No obligation to move forward
$100M+
Capital secured
500+
Small businesses helped
11+ years
Financing experience
4.9★
Client rating
Why it matters
Expensive money hides in the fine print.
Factor rates look small
A 1.3 factor on a short term can mean a very high annual cost.
Daily debits squeeze cash
Paying every day leaves less to run the business between jobs.
Stacking multiplies the cost
A second advance to cover the first can trap cash flow.
Compare the structures
How common business financing is priced
| Topic | How cost is quoted | How you usually repay |
|---|---|---|
| Merchant cash advance (MCA) | Factor rate (e.g. 1.2–1.5), a fixed payback amount | Daily or weekly debits |
| Short-term loan | Interest rate or factor, plus fees | Weekly or monthly |
| Term loan | Annual interest rate (APR) | Fixed monthly payments |
| Business HELOC / equity line | Annual rate, often variable, on the amount drawn | Monthly payments |
General education, not a quote. Actual rates, fees, and terms depend on the lender, the program, underwriting, and the market.
Before you sign
Questions to ask about any offer
- What is the total amount I will pay back?
- What is the annual percentage rate (APR)?
- How often are payments taken, and how much each time?
- What fees are charged at the start and at closing?
- Is there a penalty or discount for paying early?
- Is the rate fixed or variable?
The plan
Let us compare it for you
- 01
Start your Capital Review
Share your goal and a few basics in minutes. Checking your options doesn’t impact your credit score.
- 02
We review the full picture
Your business, property, cash flow, and current debt, together. A PrimeNova team member typically reviews within 1 business day.
- 03
Move forward with clarity
You see the paths that may fit, what each one would take, and you decide. No pressure.
No credit impact to check options · No obligation to move forward
Questions owners ask
Rates and costs questions
What’s the difference between a factor rate and an interest rate?
A factor rate sets a fixed payback amount (for example, $100,000 × 1.3 = $130,000 owed), no matter how fast you repay. An interest rate is charged over time on the balance. Over a short term, a factor rate can equal a much higher APR.
How can I lower my MCA payments?
Options may include refinancing into a longer-term structure with monthly payments, or using property equity through a Business HELOC. What fits depends on your revenue, property, and current balances. A Capital Review maps what you pay today first.
Will you quote me a rate on the website?
No. Rates depend on underwriting, the program, and the market, so any number on a website would be a guess. Your Capital Review shows real options for your situation.
YOUR BUSINESS · YOUR NEXT MOVE
Find out what your financing is really costing you.
Share what you pay today. We’ll show you whether a better structure may fit.
PrimeNova Financial is the customer-facing brand of PrimeNova Solutions, a licensed business finance consulting firm. Financing may be provided by PrimeNova or through our lending and capital partners, depending on the program. This is not a commitment to lend. All rates, terms, and approvals depend on underwriting, eligibility, and program guidelines. Checking your options on this site does not impact your credit score. Information on this site is for general education and does not constitute financial, legal, or tax advice.