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What is recourse and non-recourse ARP / Factoring?

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What is recourse and non-recourse ARP / Factoring?

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Recourse ARP / Factoring – we provide financing only. Should your customer fail to pay up you have to pay back the advance obtained from us. Non-recourse ARP / Factoring – Apart from financing, we also provide credit cover against your customer. Should your customer fail to pay up we will bear the bad debt risk.

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