Factoring can unlock cash tied up in your receivables—but most small and mid-sized businesses don’t understand how it actually works. In this episode, Alex breaks down the basics and the nuances of factoring, drawing from over 12 years of experience across non-bank lenders.We cover:

• The difference between recourse and non-recourse factoring,
• How factoring compares to a line of credit,
• Common misconceptions (and hidden fees) to watch out for,
• What happens if your customer won’t pay a factor directly,
• How to prepare for underwriting and negotiate better terms,

Alex also shares a case where a $5M line was pulled by a bank, and factoring kept the business alive long enough to recover and grow again.Powered by Kapwork.