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What is Understanding Factoring for Businesses about?

Factoring is when a business sells its accounts receivable (invoices owed by customers) to a third party called a factor at a discount. The factor provides immediate cash to the business in exchange for the future right to collect payment on the invoices. There are two main types of factoring agreements - recourse and non-recourse. With recourse, if a customer does not pay, the factor can require the business to repay the invoice amount. With non-recourse, the factor assumes the risk of non-payment. Factori

Author

Dimas Hardi

Language

EN