The Process

The prospective client completes a Quick Response Form

• Fairbanx prepares a proposal quoting terms of the transaction
• Client accepts the proposal, completes a Credit Application Form and forwards it to Fairbanx with a nominal processing fee.
• Fairbanx, upon satisfactory completion of a due-diligence process, prepares a Factoring Agreement and forwards it to the client for execution.
• Client executes the Factoring Agreement and sends it back to Fairbanx with the first bulk assignment and notification letter(s).
• Fairbanx funds the first assignment.

To open an account and fund the very first assignment it would typically take 3 to 5 days. The funding of any subsequent assignment would occur within 24 hours.