pacificbusinesses posted an update in the group Women Grow Business 7 months, 4 weeks ago
The factor charges a discount or fee usually between 1.5 and 3.0 percent of the invoice value. The cost of factoring can be compared to the discount rate many companies offer their credit customers to entice them to pay C.O.D.
Yes, I read about that. If you can’t get a credit card, it’s an interesting alternative. You have to decide whether it’s worth it for your company to give up that percentage.
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