Paragon Financial Group is funding during the COVID-19 crisis.

A/R Finance & Factoring Terms GLossary

What isRecourse

Recourse is when a borrower agrees to pledge their own assets against funding from a bank or other lender in case the borrower is unable to meet the debt obligations. Recourse factoring is when the client will repay or replace an unpaid invoice after 90 days or the time frame set in the factoring agreement.

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