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I messed up and double counted the $5K in costs.

$7100 * 30% = 2130 => how much you must immediately pay back on the loan for what you borrowed
$7100 - 245 - 2130 = $4725 => amount in your pocket...

I was actually thinking the 30% payback was the amount you had to pay back... so if you're running a business and you get this $5K loan and then sell the results for $7100. Here's what happens:
...

Example: if I buy something for $50 and sell for $100, that's a 100% markup. But if I have to pay 30% off the top to my lender, my markup is down to 40% (not 70%).

If my markup is only 50% and I...

If 30% is your profit margin and they want that 30%, I don't see how there's an upside to this deal. Please explain.