Having complete control over your files at any time is vital to ease your daily tasks and increase your productivity. Accomplish any objective with DocHub tools for papers management and hassle-free PDF editing. Gain access, adjust and save and integrate your workflows with other safe cloud storage.
DocHub provides you with lossless editing, the chance to use any format, and securely eSign documents without having searching for a third-party eSignature alternative. Get the most of the file managing solutions in one place. Consider all DocHub features right now with the free profile.
Ian Johnson from Drive Success discusses the differences between financing receivables through a bank and using asset-based financing, specifically receivables factoring. He addresses customer inquiries on comparing the two methods and highlights the advantages of factoring. An example is provided, which can be accessed on his website, including a sample Excel spreadsheet for users to input variables like interest rates and collection days. Johnson explains that banks typically charge a cost of capital, illustrating this with a yearly interest rate of 6%, translating to a daily interest rate of approximately 0.0164%. Further details about the cost structure will follow in the tutorial.