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What is ABA?

The ABA (American Bankers Association) represents the banking industry in the United States and is known for creating the ABA routing number system, which is used to identify banks in the U.S. Example: Your bank's routing number is sometimes referred to as an "ABA number."

Invoice discounting is structured like a loan, with interest payable plus an administration fee.

Invoice factoring charges are known as a ‘factor rate’, which is based on level of risk, volume of invoices, and the time credit is extended for, amongst other factors.

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