Non Recourse Invoice Factoring versus Purchase Order Funding

Posted by on Feb 12, 2018 in Business Tools | Comments Off on Non Recourse Invoice Factoring versus Purchase Order Funding

By a number of calls we receive at businesscash.com and pofunding.com, there is much confusion about the difference between  Non Recourse Invoice Factoring and Purchase Order Funding. Let’s walk through the steps of how each one them works and what types of companies they are each applicable too. What is Non Recourse Invoice Factoring? First, Invoice Factoring is a financial agreement between your business and a factoring company for financing based on accounts receivables against cash. It...

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What is Non-Recourse Invoice Factoring?

Posted by on Feb 2, 2017 in Non Recourse factoring | Comments Off on What is Non-Recourse Invoice Factoring?

Non-Recourse Factoring or Factoring Without Recourse is an agreement within a factoring contract where the factor’s client does not have to pay back the factoring company if an invoice is not specifically paid due to bankruptcy of the client’s customer (the Account Debtor) under an invoice with credit protection in place. BusinessCash offers credit protection as part of our non-recourse program. PDF DOWNLOAD: How Non Recourse Factoring Works – 2.5 megs  What Are the...

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Non-Recourse Receivables Factoring vs Invoice Discounting

Posted by on Dec 11, 2015 in Non-Recourse Accounts Receivable Factoring | 0 comments

Many businesses that face a shortage of cash for working capital purposes can benefit from non-recourse receivables factoring or invoice discounting. Both forms of financing provide immediate cash against your receivables so that you don’t need to wait until your customers pay down their invoices, which could be as long as 60 to 90 days, or even longer in some cases. Factoring Factoring represents the sale of your receivables to a financing or factoring firm. The factor evaluates the...

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Invoice Factoring Terminology

Posted by on Jul 10, 2015 in Business Tools, Invoice Factoring | 3 comments

Whether you have used Invoice Factoring in the past to fund your working capital needs or are researching to see if the factoring of your company’s invoices is right for you, it is important to understand Invoice Factoring Terminology so you can be a well-educated business owner. Businesscash.com has created this Glossary for your use. First, what is Invoice factoring? It is the selling or assigning of your unpaid invoices to creditworthy clients to a Factoring Company. Once your...

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Invoice Factoring for Manufacturing Companies

Posted by on Jan 12, 2015 in Manufacturer Financing | 1 comment

Invoice factoring for Florida manufacturing companies can often be a silver bullet for their growing working capital needs.   Manufacturers are suppliers for larger companies which is ideal when leveraging accounts receivables for fast funding.    Factoring companies look at the credit of a manufacturer’s larger client and don’t put much weight on the personal credit of the manufacturers themselves.     Companies from Miami to Jacksonville can benefit greatly when factoring...

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