The factor rate is a tool used in the MCA industry to represent the cost of funding.
Unlike an interest rate, it is not annualised and is calculated only once at the start of the agreement.
It applies to the full advance amount, so even as you repay the MCA, the remaining balance does not decrease as it would with a traditional loan.
Sourcing finance,
Supporting growth
01908 880420
info@thefundingstore.co.uk
The Funding Store Ltd
Milton Keynes Business Centre
Foxhunter Drive
Linford Wood
Milton Keynes
MK14 6GD
Sourcing finance,
Supporting growth
Telephone: 01908 880420
Email: info@thefundingstore.co.uk
The Funding Store Ltd
Milton Keynes Business Centre
Foxhunter Drive
Linford Wood
Milton Keynes
MK14 6GD
The Funding Store Ltd is an independent asset finance brokerage and not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent finance advisors and so are unable to provide you with independent finance advice. The Funding Store Ltd will receive payment(s) or other benefit from the finance provider if you decide to enter into an agreement with them.
The Funding Store Ltd is an Appointed Representative of AFS Compliance Ltd, which is Authorised and Regulated by the Financial Conduct Authority, firm number 625035. The Funding Store Ltd is a Franchisee of Asset Finance Solutions (UK) Ltd. The Funding Store Ltd is incorporated in England and Wales (company number: 11576714) with its registered office at Milton Keynes Business Centre, Foxhunter Drive, Linford Wood, Milton Keynes, Buckinghamshire, MK14 6GD.
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