Discount Factoring, also knows as recourse factoring provides your business with versatile and immediate cash that will give you the funds to grow, restructure, take advantage of supplier discounts or even to fund payroll.
Your company probably needs more cash flow to support seasonal demands, growth, and more. Discount factoring is used by many large well-known companies. It is less expensive than traditional factoring, but, like traditional factoring, it is less restrictive than equity financing, allows you to access cash whenever you need it without having to give up company ownership.
Discount factoring can also shrink and grow based on your current needs, and allows you to gain back-office support to manage your receivables without additional staff.
With Discount Factoring from Businesscash.com you get:
- Customer investigation, credit approval, and AR Insurance
- Accounts receivable bookkeeping
- Customer collection
- Cash management
- Web-based reporting
One caveat of discount or recourse factoring versus non-recourse factoring is that you take the credit risk. If you are selling to the US government, that is OK. However, the largest companies in America went bankrupt during the Great Recession. If you are more comfortable with BusinessCash taking the credit risk, please review our Non-Recourse Factoring Program.
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