There are 3 things I think sellers should keep in mind:
This is a longer process than they might imagine. From start to final funding, the process can last up to 90 days, or more, depending on where you live (how busy the courts are, etc.). Most factoring companies will be willing to advance some of the purchase price to you, but the majority of the sales price will not come until the matter is finally approved. A court must approve all transfers. In most cases, that means the seller will need to appear in court, in order to answer questions about the transfer.Related to the above, sellers should keep in mind that when they go to court, they must be ready to tell the judge exactly why the transfer should be approved. They must be their own best advocate and be ready to show how the transfer is in their best interest.