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Ian Johnson from DriveSuccess.com explains the difference between financing receivables through a bank and using receivables factoring. He addresses customer inquiries regarding comparison and benefits of factoring. An example comparing both methods is available on his website, including a sample Excel spreadsheet for inputting various interest rates and collection days. Johnson outlines that banks typically charge a cost of capital, using a yearly interest rate of 6%, which translates to a daily rate of approximately 0.0164%. The tutorial aims to clarify the financial implications and advantages of asset-based financing for better understanding.