Stop gambling with your cash flow! 🚚💨
In today’s video, we break down one of the most important decisions you’ll make when working with a factoring company: recourse vs. non-recourse factoring. Choosing the wrong option when signing a factoring company could leave you responsible for thousands of dollars if a broker/shipper doesn’t pay. Moreover, many people confuse recourse and non-recourse financing with recourse and non-recourse factoring. In this video, we explain how recourse and non-recourse factoring works and how it differs from traditional recourse and non-recourse financing.
This video is a must-watch for carriers using invoice factoring, especially if you’re comparing different load factoring options or factoring companies for the trucking industry.
What we cover:
Recourse factoring: Why it’s cheaper, but comes with buy-back risk
Non-recourse factoring: Is the extra fee worth the credit protection?
Hidden traps in some freight factoring agreements
How to choose the right option for your fleet size and risk tolerance
Pro Tip: Always confirm whether your non-recourse plan covers only broker bankruptcy or all credit losses, there’s a huge difference.
🔗 Connect with us:
Website: www.silchukfactoring.com
Instagram: www.instagram.com/silchuktransport
Or Call: 605-501-4616
