The rate and pricing of a credit product is determined by a number of factors including recent business performance, industry, dollar amount financed, and term.
Depending on the product that you select, you may be charged an origination fee. These fees are always itemized in the funding documents for review.
Short term rates are often stated as a fixed simple interest rate, or "cents on the dollar", as we believe this is an easier way for you to understand the true "cost" you are paying to borrow. This shouldn’t be confused with an annualized interest rate.