Non-Recourse Factoring For Trucking Companies
Unlike recourse factoring, with non-recourse factoring we are fully responsible for the debt. If debts are not paid there’s no recourse on the trucking company and we, as the factoring company, are liable. Any advance made to you on unpaid invoices is not refundable.
As there is more risk with non-recourse transactions, a slightly higher factoring fee is involved. Despite the higher fee, non-recourse can still be a wise financial decision if you have customers with a slow or bad payment history.
We do reserve the right to provide non-recourse factoring to those clients that are most likely to pay.
With non-recourse you still receive all the benefits of factoring without the worries of any potential bad debts. You can view the higher factoring fee for non-recourse as a form of insurance against bad debts.
Click here for more information about Recourse Factoring For Trucking Companies.
We understand that, at first, factoring may be considered a big step, that’s why we offer a no obligation, telephone discussion, with free advice on your specific situation.
During the conversation we will answer and all questions about the factoring process as it pertains to your trucking company.
For more information on factoring for trucking companies please call us today 209-225-2852.
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Once you have experiences the benefits of factoring there will be no looking back!