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The organization takes into account a wide range of variables when figuring out how much invoice factoring will cost. The benefits of changing your funds over more rapidly and having easier access to working capital is one of the many advantages of accounts receivable financing.
Some Fintech businesses advertise a tempting 1% rate, but bear in mind that this is a per week rate that rises by 1% every week. That rate is actually 4% for a total 1-month payment, and 8% for 2 month payment. Make sure you inquire about their terms while you investigate the factoring firm that would work best for you.