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1. The Factoring
Procedure
To explore the
feasibility of a funding program for your business, and to
obtain a proposal of terms, submit the following:
A completed
funding application.
Most recent
financial statement.
Last two fiscal
year-end financial statements.
Accounts
receivable aging report.
Articles of
Incorporation.
Sample copy of
contract or purchase order.
2. Acceptance
Once you have
received the proposal of terms, in order to proceed with your
funding program, you will be required to submit the following:
A signed and
accepted copy of the proposal.
Due diligence
fee.
Copy of invoices
to be funded.
Other financial
information as required.
3. Due Diligence
& Funding
Upon receipt of
the above, the following will occur:
Balance of
financial information is complied and analyzed.
Contract
assignments are prepared and executed.
Credit, Lien and Judgments
searches are conducted.
Invoices are
verified.
Transaction
documents are executed.
Funds are
distributed.
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