Compare two business loan offers side by side.
Unify loan formats — bank, cash advance, equipment and more — and compare any two offers on one yardstick: APR.
Your two offers
This amount feeds both offers so you're comparing the same borrowed dollar. For an equipment offer, it's the equipment cost.
The rate on the offer letter, before fees. Fees come next.
Use both boxes if the term is something like 5 years 6 months.
Often buried near the closing costs. 1 point = 1% of the loan, taken out before the money reaches you.
Same price, two costumes. ‘1.25 factor rate’ and ‘25 cents on the dollar’ are the identical charge — pick whichever one your quote uses.
Usually between 1.1 and 1.5. Multiply it by the advance to get what you'll pay back — a 1.25 on $50,000 means $62,500 back.
How long until it's fully repaid. If your quote says ‘in about 6 months,’ enter 6 months.
Daily drafts hit before you've opened. We model daily as 30 payments a month — the same convention as the MCA Decoder.
Side by side
Fill in both offers to compare. Nothing here is saved or sent anywhere.
If revenue dips
Payments don't shrink when sales do. Enter your typical monthly revenue, drag the slider, and see which payment still fits.
A normal month, not your best one. Stays on this page — never sent to us.
Fill in both offers and your monthly revenue to run the test.
Every APR here is computed the same way, on the same basis, for all three offer types — the actuarial method regulated loan APRs use — so the numbers are actually comparable. Fees and holdbacks are counted; marketing rounding isn't.
How the conversion works
We convert each offer to a schedule of equal payments at its own frequency — money in on day one, payments out at each interval (daily is modeled as 30 payments a month) — and solve for the annualized internal rate of return. That's the same actuarial basis Regulation Z APRs are built on. Origination points and fees withheld from proceeds count as cost, because you never had that money. Results are estimates based on the numbers you enter; your paperwork governs.
Now that you can read the offers, get ones worth reading.
Oracle matches your business against a network of 400+ lenders and shows your pre-qualified range — estimated, on your screen, in your dashboard. Your information stays locked until you pick a lender.
PrequalifyNo broker calls. No hard credit pull.
Email me this comparison
Both offers, all three numbers, the verdict — in your inbox. Nothing else follows it.
This tool is educational. It computes estimates from the numbers you enter; it is not financial, legal, or tax advice, and it is not an offer or a guarantee of credit. Actual costs are set by your signed agreement — read it, especially the pages after the payment amount. Calculations happen in your browser; the numbers you type are not stored or transmitted.
How to compare two business loan offers
Enter the amount you need once — it feeds both sides so you're comparing the same borrowed dollar. Then describe each offer in its own language: a bank or SBA term loan by rate, term, and points; a merchant cash advance by factor rate (or cents on the dollar) and payback period; an equipment lease by monthly payment, term, and residual. The comparison calculator converts both to the same three numbers — estimated APR, cost per payment, and total dollars paid — and shows which offer is cheaper and which is easier on weekly cash flow. Free, no signup.
APR versus factor rate
APR states cost as a yearly rate that accounts for repayment speed; a factor rate is a flat multiplier that ignores time entirely. That difference is why a “1.3” that resembles 30% can carry an APR near 60% on a short daily-payment schedule, and why comparing a bank's 9% APR against a 1.3 factor rate by eyeball nearly always flatters the advance. This tool converts every offer to APR using the actuarial method — the same basis regulated loan disclosures use — so the two columns are genuinely comparable.
Daily, weekly, and monthly payments compared
Two offers with the same total repayment are not the same offer. A daily draft takes money out before revenue lands; a monthly payment gives receivables time to clear. The calculator normalizes every offer to a monthly-equivalent payment so you can see the cash-flow load side by side — and it annualizes faster schedules honestly, so an offer that collects daily shows the higher effective APR that speed actually costs.
Fees, net proceeds, and total repayment
Origination points on a bank loan reduce what you actually receive, which raises the true APR above the quoted rate — enter the points and the calculator prices them in. An equipment lease's residual (buyout) is a real payment at the end of the term and is included in the total. For an MCA, the factor rate fixes total repayment regardless of speed. In every case the comparison runs on the money you actually receive and the money you actually pay back, not the number printed largest on the offer.
Worked example: bank loan versus merchant cash advance
Say you need $50,000. Offer A is a bank term loan at 9% APR over 4 years with 2 points: about $1,244 a month, roughly $59,700 repaid, effective APR near 10% once the points are priced in. Offer B is an advance at a 1.25 factor rate paid daily over 12 months: about $174 a day (a monthly load near $5,200), $62,500 repaid, estimated APR around 47%. Offer B costs about $1,800 more (roughly $12,500 of cost versus $10,700 once the bank's points are counted) but several times as much per year of use of the money — and demands more than four times the monthly cash flow. Whether the speed is worth that is a business decision; the point of the calculator is that you make it with both columns visible.
What a loan comparison calculator cannot compare
Numbers don't capture everything. Prepayment penalties, confession-of-judgment clauses, personal guarantees, collateral requirements, and what happens in a slow month live in the contract, not the payment schedule. A cheaper offer with a harsher default clause can be the worse deal. Read both agreements — and see how to compare business loan offers and loan terms in plain English for the contract-side checklist. When you're ready to see what else your profile qualifies for, check your funding range — no hard credit pull.