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MCA payback date calculator

Enter the advance, the factor rate and your payment. The calculator counts real business days, skipping weekends and bank holidays, to show the date of your last payment, how many payments are left and what the advance costs as an annual rate.

Your advance

Amount funded ($)

Factor rate

Fees taken from funding ($)

Payment amount ($)

Payment frequency

First payment date

Already paid back ($)

Last payment lands on

–

Total payback: –
Cost of the advance: –
Payments left: –
Balance left: –
Estimated APR: –
Term: –

Daily payments are scheduled on business days only, skipping weekends and Federal Reserve bank holidays, since ACH debits do not settle on those days. Weekly payments that fall on a holiday move to the next business day. The estimated APR treats your funding date as the business day before the first payment and the amount you actually received (funding minus fees) as the loan amount, with interest compounded daily. Estimate only, based on the numbers you enter. Your contract controls. Not an offer of financing.

How it works

Why the payoff date matters

Most advance offers quote a factor rate and a rough term, such as “about nine months”. The real term depends on how many business days your payments actually run. Holidays push the end date out, and a payment set a little lower than the funder’s estimate can add weeks.

The payoff date also drives the true cost. The same 1.35 factor rate costs far more per year when it is paid back in six months than in twelve, because you have the money for a shorter time. That is why the calculator shows an estimated APR next to the dollar cost.

How the calculation works

Total payback is the amount funded times the factor rate.
Payments left is the remaining balance divided by your payment, rounded up. The last payment is usually smaller.
Each payment is placed on a real calendar date, skipping weekends and the eleven Federal Reserve holidays for daily debits.
The APR is found by solving for the daily rate that makes every scheduled payment equal to the money you received, then multiplying by 365.

Want to know whether a better option exists for your business? Send a request and a funding partner will review it. Free to request, no obligation.

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Questions

Common questions about MCA payback

Do I save money by paying off an MCA early?

Usually not. The payback amount is fixed when you sign, so paying early often costs the same total. Some funders offer an early payoff discount. If yours does, it should be written into the contract.

Why is my daily payment lower on some days?

Advances with a true holdback take a percentage of your sales, so payments move with revenue. Many advances instead charge a fixed daily amount. This tool assumes a fixed payment. For a split based on sales, enter your average payment.

Can I lower the payment if sales drop?

Many contracts include a reconciliation clause that lets you ask for the payment to be adjusted to match your actual receipts. A lower payment also pushes the payoff date out. Our guide to getting out of an advance explains how reconciliation works.

Does this tool store my numbers?

No. The math runs in your browser and nothing you type is sent to us.