Over a year ago the world factoring total stood at well over 2 trillion dollars. While businesses seem to be familiarizing themselves with the advantages of factoring as a whole, there are still a number of questions that go unasked. Certain problems will arise and relationships become strained when we don’t have all the facts prior to establishing a business relationship.
If you’re brand new to factoring, like a large percentage of our applicants and it hasn’t occurred to you yet, I promise you’re going to want to know the answer to the two following questions
- What happens when one of your customers can’t pay on an invoice you’ve sold to a factoring company?
- What happens when your customer won’t pay an invoice you’ve sold to a factoring company?
Recourse vs. Non- Recourse Factoring – What’s the difference?
Factoring Accounts Receivable: Why Factors Require Personal Guarantees
If you’re reading this blog you are most likely a small to medium sized business owner or financial associate within a business searching for financing. You could be searching for an explanation why there are certain requirements when factoring accounts receivable. You might possibly just wondering why Factors require a personal guaranty.