What is Recourse Verses Non-Recourse Factoring?

There are two main types of factoring – recourse and non-recourse. Recourse factoring is the most common and means that your company must buy back any invoices that the factoring company is unable to collect payment on. You are ultimately responsible for any non-payment.  Non-recourse factoring means the factoring company assumes most of the risk of non-payment by your customers. Non-recourse does not … Read More