Know Recourse VS Nonrecourse Freight Factoring

Recourse freight factoring provides lower fees and higher cash advances, but the business must repay the factoring company if customers fail to pay. Non-recourse factoring offers protection against customer non-payment, though at a higher cost. Understanding the differences helps carriers choose the best option based on risk tolerance and financial needs. For small trucking companies, selecting the right factoring type can greatly improve cash flow while waiting for customer payments.

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