Learn about different types of factoring with examples. Sriya Enterprise provides expert advice on trade finance options for businesses. Factoring includes several types, each with unique benefits. Recourse factoring involves the seller retaining credit risk if the receivables are unpaid, e.g., a manufacturer selling to a factor. Non-recourse factoring transfers credit risk to the factor, e.g., a retailer securing non-recourse services to avoid bad debt risks. Invoice discounting allows businesses to get advances on invoices while retaining collection control. Maturity factoring pays on the invoice due date. Sriya Enterprise helps MSMEs choose the right type, ensuring effective trade finance management.
In the ever-evolving global market, navigating the complexities of trade finance can be a daunting task for businesses. Engaging a trade finance advisor can be a game-changer, offering expert guidance and strategic insights to help your business thrive. One such…
