Call Us: 212-548-4485

Rates & Terms

Assure Funding understands that when a merchant needs to borrow money, the two most important factors are the cost of the loan or advance and the terms of repayment. While loan interest is typically calculated by APR, or annual percentage rate, many of our funding partners charge a fixed cost based on the amount of the loan or advance.

Competitive Rates

As a business owner, you work hard to keep expenses at a minimum in order to keep your business profitable. The factor rate on a cash advance can become a problematic expense if you don’t take the time to find the lowest rate available.

Assure Funding has a network of lenders that allows you to shop for the best rate to fit your budget. We work hard to offer the most competitive rates, allowing you to keep more of the profits you work so hard to earn.

Fixed Cost Rates

As an alternative to interest accrued based on an annual percentage rate, or APR, many of Assure Funding’s lenders offer advances with a fixed cost. There are a number of factors that are taken into consideration when calculating the fixed cost, including you and your business, and the funding product you choose. On average, the fixed cost can range from 12 to 40 cents per each dollar funded.

Flexible Repayment Terms

Assure Funding chooses lending partners based on many factors, one of which is their flexibility on repaying a loan or advance. Depending on the type of loan or advance you choose and the amount borrowed, repayment terms range from a few months up to two years. The average term among our network of lenders ranges from 6 to 10 months.

Payback Options

Assure Funding also offers you two ways to make payments toward your loan or advance. The two options are:

Weekly payments based on a percentage of your credit card sales for Monday through Friday. This allows you to retain the same amount of operating capital each week and the amount of your payment is relative to your gross sales. This repayment option, on average, lets you pay off your loan or advance in approximately 6 to 8 months.
If your business invoices customers, your best option would be to pay a fixed dollar amount each day of the week, Monday through Friday. This option has a fixed term that is on average, between four months and two years.
If you choose to open a business line of credit, you are charged monthly over the term of the loan. You can repay the loan in full at anytime without any early payment penalties.

Questions?

Please visit our Frequently Asked Questions page or call us at 212-548-4485 or send us an email at info@assurefunding.com and our specialists will be happy to help!