Generally, applicants are expected to have satisfactory credit and must verify their ability to collect customer payments. Factoring companies typically request information such as an active USDOT/MC number, state licenses or permits, a valid EIN, a certificate of authority, and a W-9 on file. Financial statements, including a recent balance sheet, may also be required. However, with HaulPay from ComFreight, approval only requires your business information and proof of authorization, eliminating the need for credit checks or company financials to get started.