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What does Invoice Discounting cost?

April 26, 2017COST discounting invoice

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What does Invoice Discounting cost?

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There are two charges. A service fee which can be anything from 0.15% to 1% of turnover, including Vat plus interest payable on the amount you borrow (also known as the Discount charge). This starts at 1% over bank base rate but is more typically 1½% to 3% over base rate.