Quick answer
A funder may check with the customer that goods or services were accepted and the amount is due. Verification should not be confused with a guarantee of payment.
Key takeaways
- A funder may check with the customer that goods or services were accepted and the amount is due.
- Keep the order, delivery evidence, invoice and correct accounts-payable contact together.
- Verification should not be confused with a guarantee of payment.
What to bring to a funding conversation
Keep the order, delivery evidence, invoice and correct accounts-payable contact together.
A current receivables aging, customer contract, actual invoice and proof of accepted goods or services show what the buyer owes.
Identify the buyer, transaction amount and the exact date cash is needed; a specific packet is more useful than a broad sales projection.
How to compare cost and timing
List each step—invoice issue, buyer approval, any advance, collection and release of the remaining balance—on a timeline. Ask for the total cost in dollars if the buyer pays on schedule and if payment is delayed.
A fee quote should explain when charges begin, whether there are minimums, and who receives customer payments.
Decision point
A funder may check with the customer that goods or services were accepted and the amount is due.
Verification should not be confused with a guarantee of payment.
Compare this proposal with a bank line, trade credit or self-funding using the same transaction and dates. The lowest advertised rate may not cover the cash need at the right time.
Next step
Send a confirmed order or completed invoice and supporting evidence to National Invoice Factoring for an individual review. No financing terms or approval can be inferred from this general guide.
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Talk to a National Invoice Factoring specialist at (929) 658-8087 or apply online — no obligation.
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Written and reviewed by the National Invoice Factoring funding team — specialists in receivables and trade finance since 2009.
