In general you should allow 3-4 weeks from our first point of contact through to being funded. 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 5 working days - so we can be done and indeed we 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 and the inside track contacts to get things done.

The key time issues depend upon the facility being sourced and the size of the transaction. In general terms for a facility in excess of $500k and for ALL confidential facilities (i.e. where your client's customers know nothing of the financier'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.

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