Frequently Asked Questions

The Invoice Verification Process

Most factoring companies verify your invoices before giving you the advance. They verify an invoice in order to be certain that the invoice is accurate and does not have any problems. This process helps prevent accidental over-financing or financing invoices that have disputes. Most factoring companies verify the following information: That the product/service was delivered That the product/service […]

The Due Diligence Process in Factoring

Before providing financing to a client, a factoring company must review some of the client’s information to determine if they are a good candidate for receivables financing/invoice discounting. This process is commonly known as due diligence. Basically, for a company to be a good candidate for factoring they must: Invoice commercial clients with good credit […]