Factoring is a great and relatively inexpensive way to improve your cash flow and get the working capital your business needs. Conventional borrowing increases a business' expenses and normally requires additional collateral. In the case of factoring, instead of analyzing a business' financial statements, the business is evaluated on the strength of its accounts receivables. If the business has a product or service that it provides to a credit-worthy customer, then the business is a candidate for invoice factoring. A typical advance is anywhere from 75% to as high as 95%, depending on the industry and volume of business. Accounts receivable factoring does not create debt or require additional collateral. It is very simple to use. Cash can be obtained for invoices normally in 24 hours or less, and as often as the business needs.
This is what it means to your company:As a businessperson you’ve long recognized the value of your accounts receivable. Though it represents security, it falls critically short of being “money in the bank.” Rhat is where Richert Funding can help you. We buy accounts receivable and give you cash right away. That allows you to start using your money right away! We are local and independently owned, financially strong, and provide low rates, immediate funding, and personalized service.
Imagine the possibilities: you can start using your accounts receivable to buy more inventory, hire more employees and grow your business today! Why wait thirty, sixty or even ninety days to get paid when you can have cash in hand today. No account receivable is too small or too large. Contact us today for more information.