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…