What is the difference between factoring invoices “without recourse” and factoring invoices “with recourse”?
When an invoice is factored without recourse, it is considered factoring on a “non-recourse” basis. In this situation, the factor takes the credit risk of the client’s customers, thereby protecting the client from credit loss. When an invoice is factored with recourse, it means the client is ultimately responsible for payment, regardless of whether the client’s customer pays. At Rexford we offer both “non-recourse” and “recourse” factoring at rates that make sense for your business.
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