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Providing cash flow solutions to businesses in: NJ, NY, PA, DE, WDC, MD
Contacts: Michael Ghee, Business Development Manager mghee@rivierafinance.com Claire-Amy Heinold, Business Development Representative cheinold@rivierafinance.com 609-275-1399 Fax: 609-631-7448 3635 Quakerbridge Road Recent Funding:
Type of Business: Security Guard Company Factoring Line: $1,600,000 Location: New York
Keeping Up With Increasing Product Demand This well established, family owned security guard company obtained a large purchase order with a major firm for their services. However, they were already completely using up two existing credit lines with large banks in New York. They began to search for an alternative source of lending so that they would not have to turn down this opportunity. After being approved by another lender who was slow to fund them, they called Riviera. We approved the deal, paid off both lines of credit, which totaled over $1.6 million and funded them in only nine working days! Now the client is consistently and easily making payroll with their advance of 90+%. With the help of our Online Account Management Program (a free service we provide to all of our clients), they can now retrieve the status of their 1000+ invoices online. The family is now able to focus on their treasured security business and can leave all the troublesome and tedious accounting to Riviera. After all, it’s what we do best! |
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