Factoring: Sell Your Invoices Today, Get Cash Tomorrow
Factoring Transaction Flowchart
wbenc.com No Yes No Yes No Yes 1 Business decides to factor   2 Use a broker?  5 Factor is found 6 Suitable match? 8 Initial factor due diligence:- Customer credit checks - Client bkgnd & UCC searches 9 Initial approval? 7 Complete application & pay fee if required 3 Locate a broker 4 Search for a factor 10 Complete closing documents   11 Final due diligence   12 Final approval?  No 13 UCC filed 14 First invoices submitted 15 Invoices verified 16 Invoices approved? 17Submit other invoices 18 First funding No Yes