Non-recourse factoring works basically the same as a recourse factoring facility, the factor purchases the invoices from you under specific terms but the risk for nonpayment is on the factoring company instead of your company. This is an affiliate product that offer flexibility to the client.
The factor's main focus on approving a factoring facility are your customers, their credit standing and that there is a payroll service company in place when applicable.
Non-recourse factoring can help your company with cash flow and at the same time protecting it from bad debt, it can a powerful funding solution.
We also offer non-recourse options with limited or no financial statements, tax returns or credit requirements from our client.
The non-recourse factoring program is offered under our affiliate partner program and certain conditions and restrictions apply. Please ask our sales representative for more details.(800) 317-4933 quick quote