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In this video tutorial, Ian Johnson from DriveSuccess.com discusses the differences between bank financing and receivables factoring, an asset-based financing solution. He addresses common questions from customers regarding the comparison and analysis of these two options. An example provided on his website includes an Excel spreadsheet where users can input variables like interest rates and invoice collection days. Johnson explains that bank financing involves a yearly interest rate, which for their example is 6%, equating to a daily interest rate of approximately 0.0164%. The tutorial aims to clarify the benefits of factoring compared to traditional bank financing.