Reg Z · Appendix J

Commercial Financing APR Calculator

Computes the Appendix J APR for a commercial financing / MCA offer along with the disclosure figures: Amount Financed, Finance Charge, Total of Payments, and estimated term. Everything recomputes live.

Deal inputs

Funding dateOriginal principal / purchase priceOrigination feeOther prepaid finance chargesBroker / third-party amount financed by merchant

Repayment

FrequencyPayment amountNumber of payments / estimated termFirst payment date (optional — defaults to funding date + one period)

Results

Estimated APR

63.44%

Amount Financed: $65,687.50
Finance Charge: $23,412.42
Total of Payments: $89,099.92
Estimated Term: 364 days (52 payments)

Method: per-period rate × 52 periods/yr · 52 payments · unit period 7 days. Payments landing on a weekend or federal holiday roll to the next banking day.

Refinance / Renewal

Refinance?

Notes & disclaimer

This calculator is informational only and is not legal or compliance advice. Validate results against the FFIEC APR tool before relying on them.
Daily, weekly, and bi-weekly frequencies are computed exactly under Appendix J using day-based unit periods. Monthly is approximated using calendar-month steps.
Amount Financed = recipient funds. It excludes prepaid finance charges (origination, other prepaid FC) and broker / third-party amounts financed by the merchant — those fall into the Finance Charge.
For sales-based MCA deals the payment amount and number of payments are estimates, so the APR is labeled estimated.
Refinance / double-dip disclosure rules are NY/CA-specific. The classification of payoff and broker amounts (prepaid finance charge vs. disbursement of proceeds) should be confirmed with compliance counsel.