Factoring Fees
Your business will typically receive 80 to 90 percent of the invoice value upfront. Then you receive the remaining value once the client pays the invoice in full, minus a factoring fee. This fee can be structured in any number of ways, but it generally nets out to be 2% to 4% for a 30-day invoice, and 3% to 6% if the invoice is aged 60 days.
EXAMPLE: 3% for the first 30 days is = $1000 x 3% = $30
Omni Funding looks at the following factors when we consider pricing your invoices.
- Annual Sales Volume
- Credit Worthiness of Your Clients
- Average Invoice Size
- Domestic or International
- Payment Terms
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