Factoring Facility Documentation Requirements

The following items are necessary to apply for a factoring facility, with facility sizes ranging from start-up amounts up to $35 million:

Requirement	Check
A/R Aging: Both detailed and summary accounts receivable aging reports must be provided in Excel format.
A/P Aging: Submit a current accounts payable aging report.
Financial Statements: Include year-end financial statements for 2023 and 2024.
Interim Financial Statements: Provide interim statements for the most recent period.
Customer List: Supply a list of customers with names, addresses, telephone numbers, and emails in Excel format.
Master Service Agreements: Submit copies of master service agreements for your top five customers.
Sample Invoices: Provide three sample invoices with backup information, including purchase orders and invoice copies.
Debt Schedule: A complete schedule of existing debts is required.
Company History and Management: Include a history of the company along with biographies or information about management.

Asset-Based Lending Facility Documentation Requirements

For an asset-based lending facility sized from $2MM to $35MM, please prepare the following documentation:

Requirement	Check
Accounts Receivable Aging: Both detailed and summary reports in Excel format, if available.
Accounts Payable Aging: Provide a current aging report.
FYE Income Statement and Balance Sheet: Submit financial statements for the years ending 2023 and 2024.
Interim Financial Statements: Include statements from the last complete month.
Articles of Incorporation: Provide the company's articles of incorporation.
Operating Agreement: Submit the company's operating agreement.
Customer List: Supply a list with names, addresses, telephone numbers, and required credit lines in Excel format.
Customer Contracts: Provide master service agreements with customers, if applicable.
Agreements with Customers/Debtors: Include agreements listing the terms with customers and debtors.
Sample Invoices and Backup: Submit three invoices with backup materials, including purchase orders, invoice copies, and proof of delivery.
Inventory Listing: Present a report by SKU and by category.
Include item costs, quantities on hand, and some measurements of inventory cost and turnover by SKU.
Provide information such as days-on-hand, inventory age, turnover, or other relevant metrics.