Company Profiles should be completed prior to submission to your factor and are typically completed by your prospective factoring client. The more complete the “profile”, the more likely the factor can provide a decision on funding. Company profiles find their way to the factor’s underwriting department very quickly (usually within an hour or two), and you will receive an indication of interest via email or phone within a day.

On the Profile, always make sure the text area regarding the five largest customers is completed, and if you receive a profile from a prospect that is blank, call the prospect and request that data or, even better, ask for a current Accounts Receivable Aging Report which will provide the factor about the types of customers this prospect sells or provides services to.