With recourse factoring, you're responsible for the debt if your customers don’t pay. With non-recourse factoring, the factoring company accepts the loss for nonpayment. Many, or all, of the products ...
Invoice factoring lets you get cash for unpaid invoices in exchange for a percentage of the invoiced amount. Factoring can either be recourse, where you'll owe the full invoice amount if your customer ...
It can be a quick way to get financing, but it could lead to cash flow issues if used regularly If your small business needs funding, invoice factoring can help improve your cash flow. For a fee, ...