How to Apply for Invoice & Receivables Financing
Now, how do you apply for accounts receivable factoring? You’ll use the same process that you would use for any other First Down Funding financing option.
Gather Your Documents
First, you’ll want to make sure that all of your documents are in the same place. Your application will require these documents, and if you have them ready before you get started, your entire application process will become so much faster and easier. Here’s what you’ll need:
- Driver’s license
- Voided business check
- Bank statements
- Business tax returns
- Account Receivable Aging report, Accounts Payable report, debt schedule
- First Down Funding 1 Page Application
Submit Your Application
Next, all you have to do is submit your application. You can start your application online, or you can call us if you have any questions. Once you’ve submitted your application, one of our financial experts will call you to discuss your best small business loan options. From there, you’ll finalize your application, and you’ll hear back from us within 24 hours about your approval status. After that point, you may receive your funding in as little as a few business days.