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Small Business Loan Glossary

Plain-English definitions of loan terms, with worked examples and conversion formulas. Every term links to the lender reviews and learn guides where it appears in context.

Why Factor Rate and APR Are Both Here

Most small business loan glossaries define one or the other. We include both because converting factor rates to APR is the single most important calculation any small business borrower can do before signing — and most lenders don't show it. See Factor Rate and APR for the conversion formula.