Factoring Agreement Online With Recourse In Phoenix
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Phoenix Capital Group is headquartered in Denver, Colorado with satellite offices in Irvine, California; Casper, Wyoming; Dallas, Texas; and Fort Lauderdale, Florida. Our rapidly growing client list of mineral owners and investors stretches across all 50 states.
6 best factoring companies AltLINE. Best for: General small businesses. FundThrough. Best for: Factoring invoices using accounting/invoicing software. RTS Financial. Best for: Trucking businesses. ECapital. Best for: Fast invoice factoring. Scale Funding. Best for: Flexible contracts. Riviera Finance.
The accuracy of any calculations or rates are not guaranteed, for accurate calculations, rates and advice please call Phoenix Capital Group, 623-298-3450.
How to Record Invoice Factoring Transactions With Recourse Record a credit in accounts receivable for the sold invoice in the amount of $375,000. In the recourse liability column, record a credit after estimating the bad debts and any other possible losses ($750).
(800) 421-4225.
Contact eCapital Today at 855.790. 0906 | eCapital.
With recourse factoring, the business is responsible. But with non-recourse factoring, the factoring company is responsible, although there may be some stipulations based on the terms of the agreement. Higher advance rates (i.e. amount of funding you receive upfront). Lower advance rates.
Call (800) 860-7926 to speak with a customer service representative.
The Most Common Invoice Factoring Requirements A factoring application. An accounts receivable aging report. A copy of your Articles of Incorporation. Invoices to factor. Credit-worthy clients. A business bank account. A tax ID number. A form of personal identification.
Factoring companies will typically run a background check. While less-than-perfect backgrounds can be approved for factoring, certain violent or financial crimes may be disqualifying.
