Recourse and Non-Recourse
One of the many services we offer at OTR Capital is a recourse program. This program gives the client free rein over their account and total transparency. Clients have 24/7 access to our online portal that includes aging reports, broker approvals, payment schedules and much more. Recourse clients have the ability to book loads with brokers and shippers who would normally not be meet the criteria in the non-recourse arena. Clients enrolled in recourse get a discounted rate and a reserve account which is released once outstanding invoices are paid. Our competitive rates and excellent customer service help grow and develop our clients’ businesses by providing increased cash flow. The main goal of our recourse program is to cultivate a working relationship with our clients by providing a user-friendly program that will satisfy their funding needs.
With our non-recourse factoring program, OTR Capital factors our Clients’ invoices and assumes the risk of credit. This protects the trucking company from the effects of bad debt, which gives them the peace-of-mind that comes from knowing unpaid invoices are not going to damage their business’s cash flow requirements. Non-recourse clients have the ability to send in invoices for same-day payment. Clients enrolled in non-recourse will receive low flat rates with no hold-backs, reserves, minimums or long-term contracts. OTR Capital also provides free online broker checks. This program is well-suited for trucking companies of all sizes, but especially smaller fleets and single owner-operators. Our competitive rates and excellent customer service help grow and develop our clients’ businesses by providing increased cash flow with the ease of doing business.
What Does this Mean to You?
Both recourse and non-recourse provide the flexibility and growth opportunity with increased cash flow. How do you know which option is right for you? Recourse offers a lower rate while non-recourse offers OTR Capital taking the credit risk. If you have any questions, please email us at firstname.lastname@example.org.
At A Glance: