💡 Summary #
Yes. You can request an update on your Factor & Fund application at any time.
Our team provides real-time updates during the underwriting, verification, and funding process — so you always know where your application stands.
⚙️ How Application Updates Work #
1. Initial Confirmation #
Once your application is submitted through factorandfund.com/apply, you’ll receive a confirmation email showing:
- Your assigned account representative’s contact info
- The list of required documents (if anything is missing)
- Your reference or case number
🟦 Tip: Keep this confirmation email for quick follow-up.
2. Review & Verification Timeline #
Most applications are reviewed within 24 business hours, provided all documents are received.
Here’s what happens during review:
- Business verification (EIN, Articles of Incorporation, bank info)
- Buyer (debtor) verification
- Risk and compliance review
- Advance terms and agreement preparation
💡 If your buyer or documents need clarification, your rep will contact you directly.
3. Requesting a Status Update #
You can get an update anytime by:
- Email: Replying to your confirmation email or messaging your account representative directly
- Phone: Calling our main line during business hours
- Portal: Logging in to your secure link (if provided) to view your submission status
Example email:
Subject: Application Update Request — [Your Company Name]
Hi [Rep Name],
Could you please provide a status update on our factoring application submitted on [date]?Thank you,
[Your Name]
4. Common Status Types #
| Status | Meaning |
|---|---|
| Under Review | Documents received and in compliance review |
| Pending Buyer Verification | Buyer confirmation in process |
| Approved | Application cleared and ready for e-signing |
| Funded | Advance released and funding completed |
5. After Approval #
Once your agreement is signed and buyers are verified:
- You’ll receive a Funding Confirmation Email showing the wired amount and reserve.
- Future invoices can be funded same-day once verified.
✅ You’ll also be assigned a permanent account representative for all ongoing updates and communication.
🧩 Typical Response Times #
| Request Type | Response Time |
|---|---|
| Application status | Within 24 hours |
| Document submission review | Same day |
| Buyer verification | 1 business day |
| Funding confirmation | Within hours after approval |
❓ FAQ #
Who should I contact for updates?
Your assigned account representative. Their name and email are in your confirmation message.
What if I don’t know who my representative is yet?
Email ff@factorandfund.com with your company name, and we’ll connect you to your assigned rep.
Can I speed up my application?
Yes – upload all required documents immediately, including bank statements, invoices, and buyer contact info.
