recourse factoring

American Bank Business Finance blog article

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…

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