Simple Process

The Factoring process is straightforward and uncomplicated. The First step is a basic review of your accounts receivable, called a preliminary evaluation report. The file is attached below.

As the initial paperwork is completed, we start the process of evaluating your accounts receivable and your customers. Once approved, most companies receive their cash within 24 hours.

When you sign-on with Richert Funding, LLC, we will work with you to verify credit on your customers and your potential customers.

Richert Funding, LLC handles everything from running credit reports on new customers, providing payment instructions to existing customers, making collection calls and even taking legal action if necessary to collect your funds.

Invoice Factoring

Invoice Factoring can bring tomorrow's money in today. Invoice Factoring - or the selling of an accounts receivable invoice to a "factor" benefits your business with the cash flow it needs. Here are some of its key points:

  • Elimination of bad debt. A non-recourse factor will assume the risk of bad debt, thus eliminating this expense from the business' income statement.
  • Invoice processing. Factors handle much of the work associated with processing invoices, including posting invoices, depositing checks, entering payments and producing regular computer reports.
  • Unlimited capital. Factoring is the only source of funding that grows with your sales. As sales increase, more money becomes immediately available. This allows your business to constantly be able to meet increasing demand.
  • Take advantage of early payment discounts and volume discounts. If you can save 2 - 5% of your raw materials cost because you have the cash to pay within ten days, in addition to volume purchasing, you significantly reduce the true cost of factoring.
  • Stop offering early payment discounts to your clients. Since you receive your money immediately, you don't need to offer early payment discounts. Factoring will save every dollar in discounts that your clients were taking.
  • Don't give up equity. You do not have to give up any equity in the company (as is usually required with venture capital) or take on any partners with factoring.
  • Don't incur any additional debt. Factoring is not a loan and therefore your business is not incurring any additional debt.

Accounts Receivable Factoring

Accounts Receivable Factoring keeps your capital working by turning your accounts receivable into immediate cash flow. This is done through a third-party company or "factors" who will purchase your accounts receivable (invoices) in generally two phases. One, Immediate cash for as much as 90% of the invoice's total value. And two, upon full payment of the order(s) by your customer to the factor company, you will be remitted the balance less a small factoring fee.

Reasons to Factor:

  • Obtain a source of working capital
  • Relief from responsibility for collection of no-pay and slow-pay clients
  • Fill more orders
  • Flexible funding program that increases as you increase your sales
  • Ability to take advantage of vendor discounts
  • To have funds for payroll and taxes
  • Extend credit to customers on large orders
  • Buy equipment or inventory on demand . . . and more


You can prequalify immediately by submitting your information below.


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