All You Wanted To Know About Recourse And Non-Recourse Factoring

Factoring is a process where you sell your invoices in exchange of immediate payment at a discount. Factoring companies keep the payable invoices and the business houses get cash immediately. It is a quicker, easier and better way to avoid long or short-term debts. Invoices act, as equity for almost all businesses but to get working cash flow is easily feasible through recourse and non-recourse factoring. So, while starting a business you have to keep a few things in mind, which are more important than your cash equity. Some of the things, which are counted as equity, are cash in hand, line of credit and invoices.

Provided by: Topic: Banking Date Added: Jan 2010 Format: HTML

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