In general you should allow 3-4 weeks from our first point of contact through to being funded by a factoring company or inventory finance company. If needs arise it can be turned around quicker than this timescale if there is a mutual decision to move quickly and the ability to provide all the required information. The fastest we have sorted a deal out is 2 working days - so we can and indeed are prepared to call in a few favours from our lenders if we need to - that is the advantage of dealing with a specialist - we have enough clout to get things done.

Below is a summary diagram which shows the process for raising factoring and inventory finance - e.g. factoring and invoice discounting.

The key time issues depend upon the factoring facility being sourced and the size of the transaction. In general terms for a facility in excess of $500k and for ALL confidential factoring facilities (i.e. where your customers know nothing of the factoring company's involvement) an initial audit will be required. This can slow the process down, as can lawyers when they get involved in the negotiation process right at the end.