Factoring invoices provides cash flow for payroll, expenses, and new business. There are two main types: recourse and non-recourse. Recourse factoring requires repayment if customers don’t cover the invoice, while non-recourse factoring takes most burdens from customers. Differences in advance rates, costs, and funding speed between the two help determine the best freight factoring company for your needs.
Which Is Better For You? Recourse vs Non-Recourse Freight Factoring