- 26 Jul
What Is A Recourse Period?
A "recourse period" is the time after which an invoice finance company will withdraw funding against an invoice if it has not been paid. This is only the case with a recourse style invoice finance facility. There are other options available. The alternative is a non-recourse, where you also receive protection against bad debts. In this case, there is no recourse period, the funding against an approved and covered invoice is never withdrawn (barring a dispute). Indeed, the balance of the invoice is paid after an agreed credit, if the invoice remains outstanding.