For merchant cash advance loans, there is no interest rate. Most lenders use a factor rate. A factor rate is a onetime cost on the money based on the length of the program. The longer the program is, the higher the factor rate will be and there are no penalties or late fees.
Interest rates for unsecured cash advances range based on multiple factors. Things like FICO, length of time in business, are banking history are important. Because All Business Loans has the largest network or private capital sources, we are able to find you the best business loans rates possible. Our lenders compete for your business, thereby driving down the rate you pay. You will see any rates, fees and interest rates before signing/accepting anything.