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In this tutorial, Ian Johnson from DriveSuccess.com discusses the differences between financing receivables through a bank and using asset-based financing, specifically receivables factoring. He addresses customer queries about comparative analysis and the benefits of factoring. He provides an example available on his website, including a sample Excel spreadsheet for inputting variables like interest rates and collection days. Johnson explains that banks charge a cost of capital—in this case, a yearly interest rate of 6%, translating to a daily interest rate of approximately 0.0164%. The tutorial aims to clarify these financing options and their implications.