If you plan on selling invoices it is important to know whether the funding proposal is for “recourse” or “non-recourse” factoring. Here is an overview of both methods. … [Read more...]
How Factoring Works
When a business needs cash but is unable to qualify for a traditional bank loan, doesn’t want to borrow money, and/or wants credit-protection against bad debts, it can turn to invoice factoring. Rather than pledging accounts as security for a bank loan, as in asset-based financing in the form of … [Read more...]