Factoring Documents Required

Below is a complete list of Factoring Documents Required you will need to submit about your business. Submission of the required documents will expedite the Application Process and assure its approval.

If you are a Corporation, the Factor will need:

  1. Articles of Incorporation
  2. Certificate of Corporate Resolution / By Laws (if applicable)
  3. Current Accounts Receivable Aging Report
  4. Proof of Liability Insurance for your company (if applicable)
  5. Copy of all Managing Member’s Driver’s License, Passport or State ID Card
  6. The application need to be filled out completely. Signed and Dated
  7. Copies of the invoices you want to factor, along with the confirmation the services have been completed or the products have been delivered

If you are an LLC, the Factor will need:documents-requered

  1. Articles of Organization
  2. Certificate of Corporate Resolution / By Laws (if applicable)
  3. Current Accounts Receivable Aging Report ,
  4. Proof of Liability Insurance for your company (if applicable)
  5. Copy of all Managing Member’s Driver’s License, Passport or State ID Card
  6. The application need to be filled out completely. Signed and Dated
  7. Copies of the invoices you want to factor, along with the confirmation the services have been completed or the products have been delivered

If you are a Sole Proprietor, the Factor will need:

  1. Fictitious Business Name Statement / DBA
  2. Current Accounts Receivable Aging Report
  3. Proof of Liability Insurance for your company (if applicable)
  4. Copy of all Owners Driver’s License, Passport or State ID Card
  5. The application need to be filled out completely. Signed and Dated
  6. Copies of the invoices you want to factor, along with the confirmation the services have been completed or the products have been delivered

Some states differ on the requirements to have for a Corporation, LLC or a Sole Proprietorship. So some of above requirements may not apply in the process.