💡 Summary #
Once you submit your application and documents, Factor & Fund begins a fast, structured review process.
Our goal is to get you approved and funded within 24–48 hours — while ensuring full compliance and secure fund flow control.
⚙️ Step-by-Step: After You Apply #
1. Application Review #
Our underwriting team verifies your:
- Business registration and ownership (Articles, EIN, W9)
- Bank statements and cash flow patterns
- Invoice details and buyer information
- Matching entity names across all documents
This step usually takes less than one business day if everything is complete.
2. Buyer (Debtor) Verification #
We confirm that your customers — the ones who will pay the invoices — are reliable and legitimate.
We do this by checking:
- Business registration (Secretary of State search)
- Payment history (at least 3 prior paid invoices if available)
- Online reputation and credit standing
✅ This is the most important step because repayment depends on your buyer.
3. Risk & Compliance Review #
Using our internal Risk Assessment Framework, we classify each deal as:
- Low Risk: Established buyer, verified transactions
- Medium Risk: New or limited buyer history
- High Risk: Incomplete paperwork or unclear contracts
We may request additional documents if we find inconsistencies.
4. Approval Notification #
Once approved, you’ll receive:
- A short summary of approved invoices and advance rate
- Electronic signature links for the legal documents
- Factoring & Security Agreement
- Notification of Assignment (NOA)
- Continuing Guaranty (if applicable)
You can review and sign everything digitally.
5. Funding Release #
After the signed agreements are in place and buyers are notified, Factor & Fund wires up to 90% of the invoice value to your business account.
Funding is typically released within 24–48 hours of final approval.
6. Post-Funding Support #
- You’ll be assigned a dedicated account representative.
- You can submit new invoices anytime for fast same-day funding.
- You’ll receive regular statements and payment confirmations via email.
✅ Timeline Summary #
| Stage | Timeframe |
|---|---|
| Application submitted | Same day |
| Verification & buyer check | 1 business day |
| Approval & document signing | Within hours |
| Funding release | 24–48 hours total |
❓ FAQ #
Can I track my application status?
Yes. Your account representative will update you by email or phone throughout the process.
What if my buyer doesn’t respond quickly?
We follow up directly with their accounts payable department. Funding may be delayed until verification is complete.
Do I need to reapply for future funding?
No. Once approved, you can continue submitting new invoices for same-day funding.
