💡 Summary #
While Factor & Fund is built for speed — typically funding within 24–48 hours — some applications or invoices may experience short delays.
Most delays are preventable with complete documents, clear invoices, and prompt buyer responses.
⚙️ Top Reasons for Funding Delays #
1. Incomplete or Missing Documents #
Funding cannot proceed until all required documents are received and verified.
Common missing items include:
- W9 or Articles of Incorporation
- Bank statements
- Proof of delivery or signed timesheets
- Buyer contact details
🟦 Always confirm your document checklist is complete before submitting invoices.
2. Unverified or New Buyers #
If you submit an invoice for a buyer that hasn’t yet been verified, funding will pause until that buyer completes the verification process.
This involves:
- Secretary of State business check
- Buyer credit and reputation review
- Notification of Assignment (NOA) acknowledgment
⏱ Average verification time: 1 business day
3. Invoice Errors or Discrepancies #
Delays often occur when:
- Invoice totals don’t match attached contracts or POs
- Invoices lack numbers, dates, or net terms
- Buyer names differ from your contract documents
- Duplicate invoices are submitted
✅ Always review invoice accuracy before upload.
4. Buyer Response Delays #
If the buyer’s Accounts Payable department is slow to confirm invoice details or acknowledge the NOA, funding is temporarily held.
Factor & Fund follows up directly to expedite this, but your proactive communication helps speed things up.
5. Bank or Wire Processing Times #
Once funding is approved, transfers may be delayed by:
- Bank holidays or weekends
- Wire cutoff times (after 3 p.m. PST)
- Incorrect or incomplete banking details
💡 Double-check your ACH/wire information during onboarding.
6. Compliance Review Flags #
Occasionally, funding may pause for internal or regulatory checks if:
- Business name or EIN mismatch appears on documents
- Unusual bank activity requires clarification
- New ownership or address changes aren’t updated
Factor & Fund will contact you immediately to resolve such issues.
📈 Prevent Delays — Quick Checklist #
- ✅ Submit all required documents up front
- ✅ Use approved buyers only
- ✅ Include clear invoice numbers and PO references
- ✅ Notify your buyer about the NOA in advance
- ✅ Keep your contact and banking info current
❓ FAQ #
Can I still get funded if my buyer is slow to respond?
Yes, once the buyer confirms or payment history is established. We’ll keep you informed during the process.
What happens if I correct the issue quickly?
Funding resumes immediately — most delays resolve the same day the issue is fixed.
Will delays affect my rate or fees?
No. Fees are based on actual invoice payment time, not on the funding review process.
