Our invoice factoring calculator can help businesses estimate the cost and benefits of using invoice factoring services. It helps in determining how much cash a company can receive by selling its accounts receivable to a factoring company and what fees or charges may be involved in the process.
This calculator is intended for illustration purposes only and exact payment terms should be agreed with a lender before taking out a loan.
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Cash advance
$0
Factoring fee
$0
Cash available after the invoices have been paid
$0
Total cash received by the end of the factoring process
$0
Get a quoteCalculating invoice factoring involves a few steps:
Determine the total value of your outstanding invoices: Add up the amounts that your customers owe you for goods or services you’ve already delivered.
Decide on the factoring fee or discount rate: This is the percentage of the total invoice value that the factoring company will charge you for their services. For example, if the fee is 3%, then the factoring company will advance you 97% of the invoice value.
Calculate the cash advance: Multiply the total value of your outstanding invoices by (1 – factoring fee). This gives you the amount of cash the factoring company will advance you.
Understand any additional fees: Some factoring companies may charge additional fees, such as setup fees or processing fees. Make sure to account for these when calculating the overall cost of factoring.
Determine the net amount received: Subtract any additional fees from the cash advance to find out the net amount you’ll receive from the factoring company.
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Disclaimer: Swoop Finance Ltd (Swoop) helps US firms access business finance, working directly with businesses and their trusted advisors. We are a credit broker and do not provide loans or other finance products ourselves. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. Swoop can introduce applicants to a number of providers based on the applicants’ circumstances and creditworthiness. Swoop may receive a commission or finder’s fee for effecting such introductions. If you feel you have a complaint, please read our complaints section highlighted above and also contained within our terms and conditions.
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