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CONTACTS:
Bob O'Connor, Business Development Manager roconnor@rivierafinance.com Erin O'Connor, Business Development Representative eoconnor@rivierafinance.com 781-235-0996 Fax: 781-235-1136 25 Walnut Street RECENT FUNDING:
Riviera says "Yes" when banks say "No" Type of Business: Staffing Company Factoring Line: $500,000 Location: Boston, MA
This female-owned staffing company was originally funded by Riviera in August 2003. After re-establishing their credit, the company was able to obtain a bank line of credit for $200,000.00. Fortunately the business continued to grow to the point where it needed a line increase of $100,000.00. But the bank would only agree to an increase of $35,000.00.
The company owner called and asked if we would take her back and give her a $500,000.00 line. We agreed and welcomed her back in July 2005. The company now has the ability to grow at will, and our client has the comfort that if she needs a higher line we can provide it for her. |
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