Recourse Factoring

Recourse Factoring is the selling of a company’s accounts receivable at a discount to Prime Commercial Lending, then Prime accepts the risk associated with the accounts and receives cash as the debtors settle their accounts. Recourse factoring provides an advantage for us because we have a low risk in the transaction. If the borrower defaults, then Prime Commercial Lending has the right to go after the borrower for the unpaid invoices.

See here for more on Prime Commercial Lending’s Accounts Receivable Financing Program highlights.

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