FUNDING APPROVAL EXAMPLE
TOTAL RECEIVABLES PURCHASED
SCHEDULE / TURNAROUND (Term) (repaid weekly)
Total Cost of Capital
|Cost of Capital||$3,232.08|
|Total cost of capital||$4,598.03|
This is the total amount of interest and other fees for the Funding.
The amount does not include fees and other charges you can avoid, such as late payment fees and returned payment fees.
Average Monthly Payment
|Terms (in months):||+12 months|
|Average Monthly Payment||$3,269.34|
|Specific Monthly Schedule:||NA|
This is the average monthly repayment amount of the Funding, which does not include fees and other charges you can avoid, such as late payment fees and returned payment fees
The actual repayment frequency for the Funding will be weekly. This is an estimate for comparison purposes only.
Cents on the Dollar (excludes fees)
|Cost of Capital:||$3,232.08|
|Cents on the Dollar||0.09¢|
This is the total amount of interest paid per dollar borrowed. This amount is exclusive of fees
|Does prepayment of this Funding result in any new fees or charges?||No|
|Does prepayment of this Funding decrease the total interest or Funding Fees owed?||Yes|