Protect your trucking company against unpaid invoices with a non-recourse factoring agreement from Porter Freight Funding. Request a quote today to learn more!
What is Non-Recourse Factoring?
During non-recourse factoring for freight brokers, Porter Freight Funding will take on the risk of nonpayment if your customer declares bankruptcy or is insolvent. A non-recourse factoring agreement will protect your trucking company against unpaid debts and places the responsibility of repayment on the factoring company.
Since factoring companies take responsibility for the outstanding customer debts, they’ll typically charge a higher fee. If your trucking company has high-risk customers, you may wish to pursue non-recourse factoring services to protect against detriment