In order to get set up to take advantage of receivables factoring, the process starts with a no obligation application. Some factoring companies charge for the application process – we do not, it’s FREE.
The application process to set up an active account with us takes about 5 – 10 business days depending on the complexity of your business paperwork and how quickly you provide documents we ask for.
Once we have the application and it’s attending documents, we provide a proposal for your factoring provided your company is approved. Once you approve the proposal we overnight a contract package for your review.
Upon receiving the signed contracts back, the account is live and ready to receive submitted invoices.
An active account will be able to fund an invoice between a few hours up to usually the next day. The funding process on an ongoing basis is very quick. We must review the invoice and verify with the customer they have accepted the services provided based on their purchase order or contract.
Your business is free to choose which accounts and invoices you need to fund. You have the choice to determine when and how much you need to access at any given time within the framework of regular invoice factoring.