August 31, 2023
Navigating Alternative Financing Waters
The American economy relies on small businesses for stability and growth. The ability for small businesses to grow, expand, and succeed requires consistent and reliable access to capital. Young companies rely heavily on external debt, receiving about three-quarters of their funds from banks via loans, credit cards, lines of credit,…
August 28, 2023
Recourse Factoring Vs. Non-Recourse Factoring…. Which is right for you?
Businesses that have a recourse factoring agreement* are responsible for buying back invoices that are not paid by the account debtor (the company that owes the money) after a specified period, usually 60, 90 or even 120 days (about 4 months). It means even though the factoring company has purchased…