• 26 Jul

    What Is A Recourse Period

    A "recourse period" is the time after which an invoice finance company will withdraw funding against an invoice if it has not been paid. This is only the case with a recourse style invoice finance facility. There are other options available. The alternative is a non-recourse, where you also receive protection against bad debts. In this case, there is no recourse period, the funding against an approved and covered invoice is never withdrawn (barring a dispute). Indeed, the balance of the invoice is paid after an agreed credit, if the invoice remains outstanding.

    By Glenn Blackman

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muse
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kriya