OAK MOUNTAIN FINANCIAL 2845 POST RD., WARWICK, R.I. 02886
Frequently Asked Questions
How does factoring work?
A business would assign their account receivable to a factoring company. The borrower could receive up to 90 percent of their account receivable to use for their business.
How does factoring effect my business to borrow money?
Factoring is an off balance sheet obligation. It does not impact the business' ability to borrow money.
What is recourse vs non-recourse?
Recourse requires the business to repay the factoring company, if your customer does not make the payment. Non-recourse does not have such requirements.