Day after day I hear from our clients and prospective clients regarding how important it is for them to be able to factor invoice quickly. Prospects want to know how long it will be from the time they apply on our website to when they will actually receive their first advance of cash.  Clients also want to know how long it will take from the time they have shipped their goods or performed services until we can factor the invoice.

Most maturity factoring companies will tell you that they can make an initial funding in "48 hours or less!!!!" (sounds like good ad content to me).  The key word in the last sentence is "can".  Just because they can doesn't mean they will.  The biggest reason it may take more than 48 hours to receive a cash advance from your factoring facility is that the factoring company may be waiting on information from its clients, or it may be given, not intentionally, incorrect information.

In order to trade factor invoice quickly and receive cash as soon as possible, it is important that you make sure that you are prepared to engaged with your factor. When you sit down to fill out an application, make sure you are prepared with complete and accurate supporting documentation.  In todays world of instant information, an online factoring company such as ours is able to complete most of its due diligence in a few hours, but we are only able to move quickly if we have all the accurate information.  

That being said, we consider ourselves to be one of the fastest factors in the business.  We have built our factoring system from scratch with efficiency in mind for exactly this reason.  Receive accounts factoring