Transform Cash Flow with Secret Invoice Factoring Magic
Real-World Applications and Costs
The cost of invoice factoring typically ranges between 1% and 5% of the invoice value, depending on factors such as the creditworthiness of the business’s customers, the volume of invoices, and the industry involved1. For example, a company with a large, reliable customer base might secure lower rates compared to a business with less predictable clients.
Invoice factoring is widely used across various industries, including manufacturing, transportation, and staffing. For instance, a manufacturing company might use invoice factoring to cover the costs of raw materials, ensuring production continues without interruption. Similarly, a staffing agency could leverage factoring to manage payroll while waiting for client payments.