Invoice Discounting Costs?

An Invoice Discounting Facility has two cost elements:

1) The Finance Charge
This is comparable to the cost of an overdraft. Typical charges on the amount financed range from 1.5% to 2.5% over the prevailing base rate, with interest calculated on a daily basis.

2) The Service Charge
This is charged to cover the administration of the facility and typically will range from 0.1% to 1% of annual turnover.

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