How Fast Can I Get Invoice Factoring?
How Fast Can I Get Funded with Invoice Factoring?
One of the biggest misconceptions about invoice factoring is that it takes weeks to set up.
It doesn’t.
When you’re working with a decision maker at an experienced factoring company that took the time to understand your specific situation and your specific needs the process is streamlined, straightforward, and built for speed.
In many cases, first funding can happen in 3–4 business days sometimes even faster in the right circumstance.
Here’s what that actually looks like behind the scenes.
Day 1 – Application, Underwriting & Proposal
The first day is about alignment and approval.
- Quick Conversation (5–10 minutes)
A short call with a factoring expert who understands your industry, situation, customer base and funding needs. - Simple Application (15 minutes)
Basic company information with a few reports from your accounting software. - Underwriting Review (30–60 minutes)
Review of your A/R aging, customer credit profile and business history. - Proposal Issued (30 minutes)
You receive clear detail about structure, advance rates, discount fees, and terms. - Closing Documents Sent (Within 60 minutes)
Once you accept, documents are prepared and sent electronically. - File Assembly Begins
Once signed documents are returned, your account is prepared for funding.
By the end of Day 1, you typically have an approved facility in place… with piece of mind right around the corner.
Day 2 – Due Diligence & Invoice Prep
Day two focuses on existing creditors & collateral validation.
- UCC, Lien, Suit & Judgment Searches Ordered
Standard due diligence to ensure clean collateral. - You Submit Invoices for Funding
Gather your first batch of eligible invoices. Many factors will consider invoices previously outstanding invoices up to 75 days. - Customer Verification
Begins We confirm invoices with your customers (professionally and minimally).
Days 3–4 – Clearance & First Funding
- Formal UCC Results Returned
- Verification Completed
- First Funding Released
Once verification and searches are cleared, funding is typically wired immediately.
That means payroll, vendors, and operating expenses are covered without waiting 30, 60, or 90 days to get paid.
Why This Moves So Fast
Unlike a traditional bank loan, invoice factoring focuses primarily on:
- The creditworthiness of your customers
- Clean invoicing with good supporting documents
- Ability to effectively communicate with customers
Because of that, decisions can often be made in hours not weeks.
And once the facility is in place, future funding can happen the same day invoices are submitted.
WHY GATEWAY COMMERCIAL FINANCE IS A SMART CHOICE
For nearly 20 years and more than $4 billion funded, we’ve helped businesses meet tight deadlines when timing matters most. In some rare cases, we’ve even funded clients the very same day we were first introduced.
When you’re working directly with an experienced decision maker, things do move faster.
- Critical and time sensitive questions get asked
- Obstacles evaluated, overcome or set-aside
- A workable solution gets structured
- Funding gets done
There’s a reason nearly 1,400 businesses have chosen Gateway Commercial Finance as their funding partner. Access, experience, speed and execution make all the difference.