What Is the Difference Between Recourse and Non-Recourse Factoring? Why Should I Care?

Описание: Have you ever had one of your customers stiff you on paying their bill or bills? Maybe they went bankrupt. Maybe they just left town with no forwarding address. That can really make a mess of your cash flow.

If you sell your receivables, invoices or freight bills, to a factor or other lender, you might have thought: “No problem. The factor owns that invoice, not me. It will be there loss.” Then you were surprised when the loss was deducted from your next payout. You see, your deal with the factor was to sell them the invoice on a “recourse” basis. If the invoice is uncollectable, the factor has recourse back to you.

At ACS Factors, we buy your invoice or freight bill under a different agreement. We have “no recourse” back to you. If the account becomes uncollectable, we are on the hook, not you.

If that sounds like a better way to handle cash flow in your business, reducing your stress, and making it more fun to be in business, you might want to call ACS. ACS Factors is a small, family owned financial services company. This means you will get personalized service, and the response time on any needs you have is immediate. The owner, John Cummings, is ready to take your call at 909-946-5599