What is a factor rate and how to calculate it
Factor rates are simple but costly. We’ll show you what you need to know.
About the author
Rob is a former Senior Editor at Bankrate.com. With over a decade of experience covering small business and tech content, Rob was passionate about giving readers the best possible information to help them make better decisions for their businesses.
Rob holds a Bachelor’s degree in History and Public Relations from the University of Scranton. Previously, he worked as an editor for Forbes Advisor where he built and grew the company’s small business content while broadening his knowledge of evolving reader needs.
Based in New Jersey, Rob enjoys spending time with his family, reading, watching movies and cooking.
Rob wants you to know
Starting a new business venture of any kind involves learning a lot of new things, and progress isn’t always linear. My goal is to break down complex and intimidating topics and educate readers on a wide range of subjects so that they can make the best possible decisions for their business and team.
Measure twice, cut one. Having a firm strategy to execute can reduce failure, costs, and headaches in a profound way.
— Rob Watts
Factor rates are simple but costly. We’ll show you what you need to know.
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