Factoring providers generally need a signed factoring agreement, a completed Notice of Assignment (so the broker/shipper is instructed to pay the factor directly), the signed rate confirmation, a legible bill of lading, and proof of delivery (POD) for the specific load being factored.
Many factors also request a carrier packet up front covering business formation documents, a W-9, proof of active operating authority and insurance, and banking information for funding. For new carrier relationships, factors typically run a broker credit check before advancing funds on a load with an unfamiliar broker.
Exact document requirements vary by provider — this is general orientation, not a specific provider’s checklist.
This article is general educational information, not legal, financial, tax, or insurance advice. Confirm current requirements with the applicable government agency or a qualified professional before acting.