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What are the Average Factoring Rates?

Posted by Chris on Feb 8, 2017 in Non-Recourse Accounts Receivable Factoring | Comments Off on What are the Average Factoring Rates? |

What are the Average Factoring Rates?

Factoring companies will look at all of the above criteria to help determine their rate. A higher volume of invoices in a service-oriented business with shorter terms will typically get the best rates. You could find yourself paying 4% or less for the entire transaction. If the payment terms of the invoices have already gone beyond 30 days, you may pay up to 7%. Determination will depend on the customer’s industry and credit history. Experienced factor lenders know that certain business types, such as large cable companies, regularly take...

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