Factoring checklists
These checklists are for educational reference. Each one covers a specific stage of the factoring process. They are not legal advice and do not substitute for reviewing your actual agreement with qualified counsel.
- Factoring contract checklist
Review money terms, recourse, UCC filings, chargebacks, renewal language, and exit clauses before signing a factoring agreement.
- Pre-application checklist
Gather business documents, confirm customer readiness, prepare invoice documentation, and review program terms before applying to a factoring program.
- Factoring exit checklist
Work through contract termination notice, outstanding invoice settlement, UCC lien release, and customer payment redirection when switching or ending a factoring program.
- Trucking factoring checklist
For owner-operators and carriers: covers documentation requirements, fuel advance terms, broker credit limits, NOA setup, and contract exit provisions before signing a trucking factoring program.
- Staffing factoring checklist
For staffing agencies: covers timecard eligibility, payroll tax compliance, client credit limits, NOA setup, and contract terms before committing to a staffing factoring program.