Transform Cash Flow with Secret Invoice Factoring Magic

There are several types of invoice factoring, each catering to different business needs:

• Recourse Factoring: The business retains the risk of non-payment by the customer. If the customer fails to pay the invoice, the business must buy back the invoice from the factor.
• Non-Recourse Factoring: The factor assumes the risk of non-payment, providing more security to the business. This option usually comes with higher fees due to the increased risk for the factor.
• Spot Factoring: Businesses can choose to factor individual invoices rather than their entire accounts receivable. This offers flexibility for businesses that only need occasional cash flow boosts.