Startup-Friendly Working Capital Fueling Manufacturer Growth Today
Financial Considerations and Costs
While these working capital solutions offer numerous benefits, it’s important to consider the associated costs. Interest rates can vary significantly depending on the lender and the borrower’s creditworthiness. For instance, invoice financing rates typically range from 1% to 3% of the invoice amount4. Business lines of credit can have interest rates ranging from 7% to 25%, depending on the lender and the borrower’s financial profile5.