💡 Summary #
Once your business is approved, Factor & Fund begins advancing cash against your verified invoices — typically up to 95% of the invoice value within 24–48 hours.
This section explains exactly how money flows, when reserves are released, and how you stay updated every step of the way.
⚙️ Step-by-Step Funding Flow #
1. You Submit Approved Invoices #
After onboarding, email or upload your invoices through your assigned Factor & Fund portal or contact representative.
Each invoice must:
- Be for delivered goods or completed work
- Match the same buyer (debtor) verified during onboarding
- Include clear invoice numbers and payment terms
🟦 Tip: The cleaner and more complete the invoice, the faster your funding.
2. We Verify the Invoice #
Our verification team checks:
- Buyer acknowledgment (if required)
- Purchase order or delivery proof
- That the invoice matches your agreement terms
Verification is usually completed within hours for existing clients.
3. Funding Advance Released #
Once verified:
- Factor & Fund advances 70–95% of the invoice value.
- Funds are wired or ACH-transferred directly to your business account.
- You receive a funding confirmation email with details.
Example:
Invoice = $100,000
Advance (90%) = $90,000 wired to you immediately.
4. Buyer Sends Payment #
Your buyer (debtor) pays Factor & Fund directly, following the Notification of Assignment (NOA) instructions.
All payments go into a controlled account under your name at Factor & Fund — this ensures traceability and compliance.
5. Reserve Released #
When your buyer’s payment clears:
- The remaining 10% reserve is released.
- The factoring fee (e.g., 3% per 30 days) is deducted.
- You receive a final settlement report showing full reconciliation.
Example:
Buyer pays $100,000 → Factor & Fund releases $7,000 (after 3% fee).
🧾 Visual Overview #
Stage | Action | Who Handles It | Timeline |
---|---|---|---|
Invoice submission | You upload invoice | Client | Same day |
Verification | Review documents, confirm buyer | Factor & Fund | Few hours |
Advance released | Up to 95% via ACH/Wire | Factor & Fund | 24–48 hrs / Same Day |
Buyer payment | Debtor pays directly | Factor & Fund | Net 30–90 days |
Reserve released | Remaining funds minus fee | Factor & Fund | Upon payment |
✅ You Receive #
- Transparent reporting and statements
- Secure fund transfers
- No hidden deductions
- Direct communication with your account rep
❓ FAQ #
How often can I submit invoices?
As often as you like – daily, weekly, or as invoices are issued.
Can I factor only some invoices?
Yes. You control which invoices to submit; there’s no minimum volume required.
What if my buyer pays late?
Your reserve remains on hold until payment clears. We’ll communicate any delay immediately.