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 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:
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:
You can prequalify immediately by submitting your information below.