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The factoring procedure is often broken up into two parts: the Preliminary account set up and ongoing funding. official statement Starting a factoring account generally usually takes a person to two months and will involve distributing an application, a listing of shoppers, an accounts receivable getting older report and also a sample invoice. The acceptance process will involve in-depth underwriting, in the course of which era the factoring organization can check with for additional documents, such as documents of incorporation, financials, and banking institutions statements.