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Why Choose Riviera? (4)
Williston and Bakken Oil Fields (1)

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» Blog - Home : Archive (Invert order)
This is the list of all contributions published on this web site, in chronological order.

By CorpDev (on 1/30/2012 @ 11:11:55, in Trucking News, read 2191 times)

Truck freight volumes rose 10.5% in December, the highest yr./yr. growth in 13 years, according to the American Trucking Associations' tonnage index. In the small-to-medium-sized carrier sector, such spikes create a serious strain on working capital, as most expenses are paid in cash while loads are billed on credit.

Many carriers use factoring to provide the increased working capital necessary to ride these growth surges. Riviera Finance offers the full package of finance, credit services and receivables management to allow the carrier to focus on hauling loads and growing the business.

According to the ATA, all indicators were favorable for the trucking industry in December and are likely to continue through February. Low inventories coupled with a strengthening economy and higher manufacturing outputs all contributed to the healthy numbers. See the ATA website here for more information about the December growth in freight volumes.

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By Blaine (on 1/17/2012 @ 13:17:01, in Riviera News, read 2326 times)

Riviera Finance is pleased to announce the opening of our new office in Hoboken, New Jersey. The office is located at:

50 Harrison St., Suite #214E
Hoboken, NJ 07030
201-876-4858
201-876-4869 (fax)

With its proximity to Manhattan, our new Hoboken office gives us an expanded local presence in one of the country's most vital small business markets.

Joining Riviera to open our Hoboken office is Tal Malachovsky, Business Development Manager. Tal enters the Riviera ranks with a long and successful career in the small business finance sector in tow. Tal's history working with local small businesses in the New York/New Jersey area and his experience as an entrepreneur himself creates a bright future for Tal, Riviera, and the many local businesses seeking the capital for future growth and success.

Help us welcome Tal and celebrate the opening of our Hoboken office. You can contact Tal at the number above, or visit the office's Web page here: Riviera Hoboken

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Riviera Finance is excited to welcome 51 new clients that funded in the month of December 2011. Whether you have chosen Riviera Finance because we offer non-recourse factoring, provide the highest advance rates available, offer the most competitive rates, or came highly referred, we aim to provide you with the best customer service in the industry. Riviera Finance has been dedicated to factoring small businesses over the past 43 years and we understand your cash flow needs.

Here is a sampling of the new companies funded this month:

A $100,000.00 account limit on a trucking company in Florida.

A $100,000.00 account limit on a staffing agency in Ontario, Canada.

A $500,000.00 account limit on a business service company in California.

A $250,000.00 account limit on a construction company in Washington.

A $300,000.00 account limit on trucking company in Georgia.

A $100,000.00 account limit on a machine shop in California.

A $100,000.00 account limit on a trucking company in New York.

A $1,000,000.00 account limit on a water tanker hauler in British Columbia.

A $100,000.00 account limit on an oilfield manufacturer in Georgia.

A $100,000.00 account limit on a cable contractor in South Carolina.
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By Michael Bartels (on 12/21/2011 @ 13:03:56, in Why Choose Riviera?, read 1588 times)
Riviera Finance welcomes the return of a Southern California trucking client after a 4-month hiatus. The trucking client decided to sample the services of another factoring company and found out that they ultimately needed Riviera Finance's accounts receivable management  to process their large volume of invoices.  Riviera Finance's ability to automate invoices processing and cash application has been critical in being able to manage the account.  
Riviera Finance has been providing non-recourse factoring in North America for over 42 years, and at a local office near your place of business.
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Riviera Finance's Atlanta office is once again collaborating with North Fulton Community Charities to bring holiday cheer to over 3,000 children in the Atlanta area.

Clothes, gift certificates and toys are among the most-requested and treasured items on wish lists this year.  Some great toy ideas, instructions on donating, and drop-off locations for the NFCC holiday drive, can be found here:

For additional information on how you can join Riviera in participating in NFCC's effort, you can visit the NFCC Holiday Program web site or contact James Kroll, Operations Manager - Atlanta directly at jkroll@rivierafinance.com

Thank you for your support and happy holidays to you and yours!
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Riviera Finance is excited to welcome 71 new clients that have funded in the month of November 2011. Whether you have chosen Riviera Finance because we offer non-recourse factoring, provide the highest advance rates in the industry, offer the most competitive rates, or came highly referred, we aim to provide you with the best customer service in the industry. Riviera Finance has been dedicated to factoring small businesses over the past 42 years and we understand your cash flow needs.

Here is a sampling of the new companies funded this month: 

A $100,000.00 account limit on trucking company in North Carolina. 

A $100,000.00 account limit on a staffing agency in Illinois.

A $50,000.00 account limit on a garment manufacturer in Florida. 

A $300,000.00 account limit on a construction company in Ontario, Canada.

A $50,000.00 account limit on trucking company in Minnesota. 

A $300,000.00 account limit on cinematography service in California. 

A $150,000.00 account limit on a snowplowing service in New York. 

A $350,000.00 account limit on oil and gas service provider in Alberta.

 A $125,000.00 account limit on a health service provider in Georgia.

 A $200,000.00 account limit on a catering service in Texas.
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By Jeff Suhs (on 12/5/2011 @ 12:43:08, in Riviera Charities, read 1287 times)

Riviera Finance's Houston office is proud to join Mission Ministry of Lakewood for its 2011 holiday toy drive!  The effort aims to send holiday cheer and most importantly, toys, to hundreds of children in the Houston area.  As part of Mission Ministry's toy drive, Riviera Finance will be accepting donations at our Houston location.

All new, unwrapped toys for kids ages newborn through 18 are appropriate.

Please feel free to drop by our office at any time to make your contribution.  We're located here:

8410 N. Sam Houston Parkway W, Houston, TX  77064  

For more information, please contact Perla Varela at the Houston office at 800-874-0149.  And be sure to check out the Houston office's Facebook page for updates and photos.

Thanks for your contributions!

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With the opening of its Williston, North Dakota office, invoice factoring pioneer Riviera Finance aims to work closely with the industries and small businesses involved in the emerging Bakken oil field.  The Bakken shale territory is a rapidly developing business community focused in North Dakota, but extending into Montana, and southern Saskatchewan. 

While the oil fields are developed by large Fortune 100 companies, they are serviced by hundreds of small businesses for whom cash flow is critical.  Many of these small companies, water haulers, roustabouts, and hot shot truckers, cannot wait 40-60 days to get paid. Riviera Finance provides cash flow on a non-recourse basis for oil service companies working in the Bakken formation, as well as many other locations around the United States and Canada.

Riviera's new office is located at:

2120 26th Street West, Suite 101
Williston, ND 58801
701-355-6486
701-425-0162 (eFax)

For more information, please visit 
www.rivierafinance.com/oilandgas 

 

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By Michael Bartels (on 11/17/2011 @ 11:15:08, in Credit, read 1789 times)
The Top 10 Ways To Build Free Credit Information On Your Customer


10.  Understand the health of your customer’s industry by reading periodicals and keeping up with current
 events, because a more robust industry brings a greater likelihood of financial stability to your customer.

9.   Perform an Internet search on the company and see what information may be provided. For example,          www.Wikipedia.org may provide some detailed history on your customer’s business.

8.  Check out www.bbb.org.

7.  Stayed informed with your customer’s business by setting up Google Alerts.

6.  Search the Secretary of State’s website where the business incorporated or organized to see if it is             
registered in good standing, and/or if any derogatory information is being reported such as tax lien(s) or            judgement(s).

5.  Check out your customer’s website to obtain knowledge about the company such as the date established,  if they are publicly traded, size of the organization, and where they are headquartered.

4.  Review financial statements on publicly traded companies by going to such websites as www.MSN.com   
or www.finance.yahoo.com and type in their stock symbol.

3.  Ask your customer for 3 trades and a bank reference to see how they are paying other vendors and if they    maintain a satisfactory checking account with their bank. In verifying the trade references you can ask the supplier how long they have been doing business with the customer, for how many years, payment terms, high credit offered, current balance, and if the relationship is satisfactory. The bank reference can provide a current balance on the checking account, the date the account was established, any loans, and if there have been bank overdrafts, or non-sufficient funds (NSF’s).

2.   Understanding the payment terms being offered by the customer can provide a glimpse of creditworthiness. It is more indicative of a creditworthy debtor to offer 30-day terms or less. Slower payment terms such as 60 days may be indicative of certain industries, but can also indicate the customer has poor cash flow. Slower payment terms will also raise your credit exposure on a customer, because it takes longer for the bills to pay. Contingent payment terms can be even more disconcerting, because a certain condition must be met before you are paid.

1.  Nothing is more telling than building your own payment history with the customer. Do they meet their payment terms without a need for follow up? How are their payments trending? Are payment consistent and on time or are they slowing? Slowing payment trends are a pause for concern, because it raises your credit exposure, and risk of not being paid.

We hope you have enjoyed reading  “The Top 10 Ways To Build Credit On Your Customers”. The information was of the opinion of Riviera Finance and the author. Riviera Finance is a nationwide non-recourse factoring that has been in business for over 40 years.
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Riviera Finance is excited to welcome 47 new clients that have funded in the month of October. Whether you have chosen Riviera Finance because we offer non-recourse factoring, provide the highest advance rates in the industry, offer the most competitive rates, or came highly referred, we aim to provide you with the best customer service in the industry. Riviera Finance has been dedicated to factoring small businesses over the past 42 years and we understand your cash flow needs.

Here is a sampling of the new companies funded this month:

 A $200,000.00 account limit on a wood distributor in North Carolina.

 A $100,000.00 account limit on a staffing agency in Ohio.

 A $100,000.00 account limit on a nursing agency in Texas.

 A $150,000.00 account limit on a manufacturer in Colorado.

 A $50,000.00 account limit on a trucking company in Ontario, Canada.

 A $50,000.00 account limit on an oil field service company in North Dakota.

 A $900,000.00 account limit on a staffing agency in California.

 A $180,000.00 account limit on a metals manufacturing company in Montana.

 A $100,000.00 account limit on an auto repair business in New Jersey.

 A $100,000.00 account limit on a welding service in Louisiana.

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