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Are factoring fees considered interest?

Yes
25%
No
75%
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Question: Are factoring fees considered interest?
Top Answer (75% of 4 votes): No.

Answer: No
Explanation: Factoring fees will be recorded differently depending on how they are structured by the factor and should be evident in the report the factor provides to you. If the cost of factoring is separated into fees and interest the interest portion would be recorded as interest. Always consult a qualified tax professional to verify.
Diversified Resources
Answer: No
Explanation: Factoring fees are not considered interest since a factoring transaction is not a loan.
Small Business Financial Solutions
Answer: No
Explanation: They are considered a cost.
Commercial Mortgage Services
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