Here is a step-by-step of receivable factoring – the funding process: Account Establishment: The first step in the funding process is getting your account established with the factoring company. This could be a relatively quick and painless step or a long and complex procedure. Ideally, once you complete the application and fax the required documentation which normally consists of invoices and an accounts receivable aging report, the factoring company will send your application to an underwriting, to establish documentation drafts the contract. [...]