Fundamentals for Factors
Small Factor’s Return at 60 Days
1. Advance: $1,000 x 80% = $800 2. Discount for 60 days: $1,000 x 8% = $80 discount 3. 60 Day Return %: $80 / $800 = 10% 4. APR: 10% x 365 / 60 = 60.08% APR