Normally it should take a week to ten days to finalize an invoice factoring contract. But in order to do this expediently we need your cooperation. If you say I’ll have the completed application back to you by tomorrow and then we never hear from you for three weeks, then don’t expect cash flow from your accounts receivable any time sooner.
The process of setting up factoring requires both parties to cooperate just like any other financial transaction like buying a home or refinancing a mortgage. When the borrower doesn’t respond in the manner they promised all it does is send up red flags about the relationship potential.